Lake Mariner bitcoin mining capacity target
Company: TeraWulf
What the later record shows
Partly delivered
End-of-Q3 hash rate reached 11.6 EH/s, close to but below the 12 EH/s target, and no passage shows 12 EH/s or 225 MW being reached. Reported Q3 energy use of 357,754 MWh implies an average load of only about 162 MW.
“End of Period Hash Rate 11.6 EH/s ➢ Represents a 53% increase YoY”
2025-11-09 · terawulf 8-K exhibit (wulfq32025investorupdate.htm) View cached copy (2026-09-27)Live source ↗
“Total MWhs utilized 357,754 444,818 1,080,404 1,267,749 Total energy expense, net of expected demand response proceeds (5) ($ in thousands) $ 16,835 $ 16,899 $ 63,482 $ 49,226 Cost per kWh $ 0.047 $ 0.038 $ 0.059 $ 0.039”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
Checked November 5, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf is targeting 225 MW and 12 EH/s of bitcoin mining for Q2 through Q4 2025.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “Targeting 225 MW and 12 EH/s for Q2 – Q42025”
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 Investor Presentation
Quote: “Targeting 225 MW and 12 EH/s for Q2 – Q42025”