Lake Mariner lease amendments
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Lease amendments executed July 5, 2026 add ~+$500M revenue over term; WULF contributing ~$150M to tenant fit-out costs through June 30, 2026; CB-4 and CB-5 each add +6 MW critical IT.
Source (primary)
Q2 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “LAKE MARINER LEASE AMENDMENTS RESULT IN +$500M IN REVENUE OVER TERM Executed on July 5th, 2026: WULF Contributing ~$150 Million to Fund Tenant Fit - Out Costs”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The lease-amendment slide states the July 5, 2026 execution date, the +$500M revenue figure, and the ~$150M WULF fit-out contribution through June 30, 2026. It also lists +6 MW of critical IT for each of CB-4 and CB-5.
Confirmed in the source:
- The Lake Mariner lease amendments were executed on July 5, 2026
- The amendments add roughly +$500M of revenue over the lease term
- WULF is contributing ~$150M to fund tenant fit-out costs incurred through June 30, 2026
- CB-4 and CB-5 each add +6 MW of critical IT under the amendments
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23522/pdf/TeraWulf+Q2+2026+Investor+Presentation.pdf) in full (28,349 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 2026 Earnings Update Presentation
Quote: “LAKE MARINER LEASE AMENDMENTS RESULT IN +$500M IN REVENUE OVER TERM Executed on July 5th, 2026: WULF Contributing ~$150 Million to Fund Tenant Fit - Out Costs”
confirms Q2 2026 Earnings Update Presentation
Quote: “LAKE MARINER LEASE AMENDMENTS RESULT IN +$500M IN REVENUE OVER TERM Executed on July 5th, 2026: WULF Contributing ~$150 Million to Fund Tenant Fit-Out Costs”