2025E project financing for CB-1/CB-2
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
What the later record shows
Outcome not yet confirmed
The passages describe a Project Financing Closing milestone for CB-1 and CB-2 and repeat the ~70% assumption. None states that such financing closed, or what share of costs it covered.
“Estimated Project Financing assumes that ~70% of total project costs for Wulf Den, CB-1 and CB-2 are financed.”
2025-05-08 · Investor Presentation View cached copy (2026-10-13)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
Company projects project financing covering 70% of total project costs for CB-1 and CB-2 in 2025.
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “Estimated Project Financing assumes that 70% of total project costs for CB-1 and CB-2 are financed.”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The 2025 Capital Allocation slide includes a Project Financing line, with a footnote stating it assumes 70% of total CB-1 and CB-2 project costs are financed.
Confirmed in the source:
- TeraWulf's 2025 capital allocation projection includes project financing
- The projection assumes 70% of total project costs for CB-1 and CB-2 are financed
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23300/pdf/WULF_Nautilus_Sale_Announcement_Deck_%2810-03-24%29vF.pdf) in full (14,394 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nautilus Sale Announcement
Quote: “Estimated Project Financing assumes that 70% of total project costs for CB-1 and CB-2 are financed.”