Lake Mariner HPC cumulative delivery 1H 2026
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Cumulative HPC delivery at Lake Mariner targeted at 42 MW in 2H 2025 and 200+ MW by 2H 2026.
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “Cumulative Delivery Timeline 2H 2025 42 MW 1H 2026 200+ MW 2H 2026”
How we checked this
Checked on October 13, 2026. The cited source supports part of this claim, but not all of it.
The extracted chart text lists the periods 2H 2025, 1H 2026 and 2H 2026 but only two values, 42 MW and 200+ MW. It supports reaching 200+ MW by 2H 2026, but it does not clearly show which period the 42 MW figure belongs to.
Confirmed in the source:
- Lake Mariner has a cumulative HPC delivery timeline measured in critical IT load
- Cumulative delivery at Lake Mariner reaches 200+ MW by 2H 2026
We could not confirm this from the cited source:
- Cumulative delivery of 42 MW at Lake Mariner is targeted specifically for 2H 2025, rather than for 1H 2026
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23302/pdf/WULF_Q2_2025_Investor_Update_%28Aug_2025%29vF.pdf) in full (17,599 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 Earnings Update Presentation
Quote: “Cumulative Delivery Timeline 2H 2025 42 MW 1H 2026 200+ MW 2H 2026”