CB-2 delivery Q4 2025
Company: TeraWulf - Project: La Lupa
What the later record shows
The date slipped
In November 2025 an additional 50 MW for Core42 was still pending. By December 31, 2025 only 18 critical IT MW was energized, and the remaining leases were expected to commence in 2026, so CB-2 missed Q4 2025.
“TeraWulf remains on track to deliver an additional 50 MW of HPC leasing capacity under its datacenter lease agreements with Core42 Holding US LLC”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
“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 (Core42 capacity at Lake Mariner) is on track for delivery in Q4 2025.
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗
Quote: “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 update lists CB-2 under delivering Core42 capacity at Lake Mariner and states it is on track for Q4 delivery.
Confirmed in the source:
- CB-2 is listed under TeraWulf's 'Deliver Core42 Capacity' priority, and Core42's lease is at Lake Mariner
- As of the August 2025 investor update, CB-2 was on track for Q4 delivery
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23302/pdf/WULF_Q2_2025_Investor_Update_%28Aug_2025%29vF.pdf) in full (17,599 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 Earnings Update Presentation
Quote: “CB-2 on track for Q4 delivery”
delays TeraWulf 10-Q filed 2025-11-10
Quote: “TeraWulf remains on track to deliver an additional 50 MW of HPC leasing capacity under its datacenter lease agreements with Core42 Holding US LLC”
delays View 10-K PDF
Quote: “Certain of the Core42 HPC Leases commenced in 2025 and the remainder of the HPC Leases are expected to commence in 2026.”