CB-1 revenue start mid-August 2025
Company: TeraWulf - Project: La Lupa
What the later record shows
Delivered; the record does not say when
CB-1 is reported as delivered, and HPC lease revenue first appears in Q3 2025. However, WULF Den also began revenue in July, so the passages do not confirm that CB-1 revenue started in mid-August.
“HPC lease revenue 7,203 — 7,203 — Total revenue $ 50,578 $ 27,059”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
“Construction Updates ➢ Wulf Den & CB-1 delivered (18 MW) ➢ CB-2A delivered (21 MW)”
2026-02-26 · Q4 Earnings Update Presentation View cached copy (2026-09-01)Live source ↗
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-1 will begin recording revenue in mid-August 2025.
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗
Quote: “CB-1 will begin recording revenue mid-August”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The August 2025 update states that CB-1 will begin recording revenue mid-August, and a separate slide says CB-1 was generating revenue in August 2025.
Confirmed in the source:
- In the August 2025 update, CB-1 was expected to begin recording revenue in mid-August 2025
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-1 will begin recording revenue mid-August”
confirms TeraWulf 10-Q filed 2025-11-10
Quote: “HPC lease revenue 7,203 — 7,203 — Total revenue $ 50,578 $ 27,059”
confirms Q4 Earnings Update Presentation
Quote: “Construction Updates ➢ Wulf Den & CB-1 delivered (18 MW) ➢ CB-2A delivered (21 MW)”