CB-2 Q4 2025 delivery
Company: TeraWulf - Project: La Lupa
What the later record shows
The date slipped
At year-end 2025 only 18 critical IT MW of HPC capacity was energized, and the 10-K says the remaining HPC leases were expected to commence in 2026. CB-2 was therefore not delivered in Q4 2025, and no specific new date was given.
“As of December 31, 2025, the Company had energized 18 critical IT MW of HPC capacity and remains on track to deliver additional contracted capacity”
2026-02-27 · View 10-K PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
“Certain of the Core42 HPC Leases commenced in 2025 and the remainder of the HPC Leases are expected to commence in 2026.”
2026-02-27 · View 10-K PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
Checked October 13, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
CB-2 is on track for Q4 delivery (CB-1 began generating revenue in August 2025; WULF Den operational June 2025).
Source (primary)
WULF Expands Fluidstack Deal (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-10-13)Live source ↗
Quote: “WULF Den operational (June 2025); CB1 generating revenue (August 2025); CB-2 on track for Q4 delivery”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The deck states that WULF Den became operational in June 2025, CB1 was generating revenue in August 2025, and CB-2 is on track for Q4 delivery.
Confirmed in the source:
- CB-2 is on track for Q4 delivery
- CB-1 was generating revenue as of August 2025
- WULF Den became operational in June 2025
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23304/pdf/WULF_Expands_Fluidstack_Deal_August_2025.pdf) in full (11,936 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WULF Expands Fluidstack Deal
Quote: “WULF Den operational (June 2025); CB1 generating revenue (August 2025); CB-2 on track for Q4 delivery”
delays View 10-K PDF
Quote: “As of December 31, 2025, the Company had energized 18 critical IT MW of HPC capacity and remains on track to deliver additional contracted capacity”