Lake Mariner electrical expansion to 500 MW
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Site electrical capital expenditures are being made to expand the Lake Mariner facility to 500 MW.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “Includes electrical capital expenditures required to expand the Lake Mariner facility to 500 MW.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The capital allocation slide shows Site Electrical spending in Q1 2025, and its footnote says this includes electrical capex required to expand Lake Mariner to 500 MW.
Confirmed in the source:
- Site electrical capital expenditures are being spent to expand the Lake Mariner facility to 500 MW
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23301/pdf/WULF_Q1_2025_Investor_Pres_vF.pdf) in full (23,307 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “Includes electrical capital expenditures required to expand the Lake Mariner facility to 500 MW.”