Chesapeake Data Phase I plan
Company: TeraWulf - Project: Chesapeake Data
The claim, verbatim
The Morgantown, MD Chesapeake Data net-generator campus Phase I comprises 500 MW generation, 250 MW battery storage and 500 MW data center load, with 1 GW total data center load planned across two phases.
Source (primary)
Q1 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “PHASE I PHASE II ➢ 500 MW generation ➢ 250 MW battery storage ➢ 500 MW data center load”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The Chesapeake Data slide shows two phases, each with 500 MW generation, 250 MW storage and 500 MW data center load, for 1 GW of data center load in total.
Confirmed in the source:
- Chesapeake Data is a net generator campus in Morgantown, MD
- Phase I comprises 500 MW generation, 250 MW battery storage and 500 MW data center load
- Total planned data center load is 1 GW across Phase I and Phase II
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23490/pdf/TeraWulf+Q1+2026+Investor+Presentation+%28May+2026%29.pdf) in full (27,753 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q1 2026 Earnings Update Presentation
Quote: “PHASE I PHASE II ➢ 500 MW generation ➢ 250 MW battery storage ➢ 500 MW data center load”