Lake Mariner power draw expansion to 500 MW
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Electrical capex to expand power draw at Lake Mariner from 250 MW to 500 MW.
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “electrical capital expenditures required to expand power draw at the Lake Mariner facility from 250 MW to 500 MW”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
A footnote to the cash bridge states that site infrastructure spending includes electrical capex required to expand power draw at Lake Mariner from 250 MW to 500 MW.
Confirmed in the source:
- TeraWulf has electrical capital expenditures to expand power draw at Lake Mariner
- The expansion takes power draw from 250 MW to 500 MW
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: “electrical capital expenditures required to expand power draw at the Lake Mariner facility from 250 MW to 500 MW”
confirms Q2 Earnings Update Presentation
Quote: “expand power draw at the Lake Mariner facility from 250 MW to 500 MW”