Lake Mariner Fluidstack delivery 2H 2026
Company: TeraWulf - Project: Akela Data
The claim, verbatim
Cumulative HPC delivery timeline at Lake Mariner: 42 MW in 2H 2025, 200+ MW by 2H 2026 (critical IT load).
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗
Quote: “Cumulative Delivery Timeline 2H 2025 42 MW 1H 2026 200+ MW 2H 2026”
How we checked this
Checked on October 15, 2026. The cited source supports part of this claim, but not all of it.
The document's timeline contains the 42 MW and 200+ MW figures and three periods, but the extracted chart text does not clearly show which figure belongs to which half-year.
Confirmed in the source:
- The Lake Mariner slide shows a cumulative delivery timeline that includes 42 MW and 200+ MW figures
- The timeline figures are stated as critical IT load
- The timeline spans 2H 2025, 1H 2026 and 2H 2026
We could not confirm this from the cited source:
- That 42 MW is delivered specifically in 2H 2025 and 200+ MW specifically by 2H 2026 (the extracted chart text does not unambiguously tie each figure to a period)
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “Cumulative Delivery Timeline 2H 2025 42 MW 1H 2026 200+ MW 2H 2026”