Chesapeake Data net generator campus
Company: TeraWulf - Project: Chesapeake Data
The claim, verbatim
Chesapeake Data in Morgantown, MD (PJM) planned with 1 GW on-site generation, 1 GW data center load and 500 MW battery storage across two phases of 500 MW generation, 250 MW storage and 500 MW load each.
Source (primary)
Q1 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “1 GW 1 GW 500 MW ON-SITE GENERATION DATA CENTER LOAD BATTERY STORAGE”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The Chesapeake Data slide sets out the totals and the two identical phases exactly as the claim describes.
Confirmed in the source:
- Chesapeake Data is in Morgantown, MD, in PJM
- It is planned with 1 GW on-site generation, 1 GW data center load and 500 MW battery storage
- Phase I and Phase II each comprise 500 MW generation, 250 MW battery storage and 500 MW data center load
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23490/pdf/TeraWulf+Q1+2026+Investor+Presentation+%28May+2026%29.pdf) in full (27,753 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q1 2026 Earnings Update Presentation
Quote: “1 GW 1 GW 500 MW ON-SITE GENERATION DATA CENTER LOAD BATTERY STORAGE”