Lake Mariner lease amendments add $500M revenue
Company: TeraWulf
The claim, verbatim
Lake Mariner lease amendments executed July 5, 2026 add more than $500M of revenue over the term, with WULF contributing about $150M toward tenant fit-out costs incurred through June 30, 2026 and no schedule delay penalties for customer-approved shifts.
Source (primary)
Q2 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “LAKE MARINER LEASE AMENDMENTS RESULT IN +$500M IN REVENUE OVER TERM Executed on July 5th, 2026: WULF Contributing ~$150 Million to Fund Tenant Fit - Out Costs Incurred Through June 30, 2026”
How we checked this
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Additional evidence
confirms Q2 2026 Earnings Update Presentation
Quote: “LAKE MARINER LEASE AMENDMENTS RESULT IN +$500M IN REVENUE OVER TERM Executed on July 5th, 2026: WULF Contributing ~$150 Million to Fund Tenant Fit - Out Costs Incurred Through June 30, 2026”