jain.com

HPC/AI diversification in H2 2024

Company: TeraWulf

Subject kind
guidance
Statement date
2024-08-11
Promised by
2024-12-31
Current status
verified

What the later record shows

Delivered on time

By early October 2024 TeraWulf had completed a 2.5 MW HPC/AI proof-of-concept project and was building CB-1 for HPC colocation, which shows the diversification began in H2 2024.

“This includes the recent completion of a 2.5 MW (gross) HPC/AI digital infrastructure proof-of-concept project, designed to support both current and next-generation GPU technology.”
2024-10-03 · terawulf 8-K exhibit (wulfopsreportsep2410-03x.htm) View cached copy (2026-10-26)Live source ↗

Checked October 31, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.

The claim, verbatim

The CFO stated TeraWulf will diversify into HPC and AI expansion in the second half of 2024.

Source (primary)

terawulf 8-K exhibit (ex991-earningsreleasexq2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-31)Live source ↗

Quote: “We remain committed to maximizing shareholder value as we diversify into HPC and AI expansion in the latter half of the year.”

How we checked this

This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.

Additional evidence

confirms terawulf 8-K exhibit (ex991-earningsreleasexq2.htm)

Quote: “We remain committed to maximizing shareholder value as we diversify into HPC and AI expansion in the latter half of the year.”

View cached copy (2026-10-31)Live source ↗

confirms terawulf 8-K exhibit (wulfopsreportsep2410-03x.htm)

Quote: “This includes the recent completion of a 2.5 MW (gross) HPC/AI digital infrastructure proof-of-concept project, designed to support both current and next-generation GPU technology.”

View cached copy (2026-10-26)Live source ↗

Record of changes

October 31, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 31, 2026 — verified
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.