CB-1 first revenue target
Company: TeraWulf
What the later record shows
Delivered; the record does not say when
TeraWulf recorded $7.2 million of HPC lease revenue in Q3 2025 and had 22.5 MW energized by November 2025, which suggests CB-1 was contributing. No passage attributes revenue to CB-1 or states when it began, so a Q3 start cannot be confirmed.
“HPC lease revenue 7,203 — 7,203 — Total revenue $ 50,578 $ 27,059 $ 132,619 $ 105,066”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
“In July 2025, TeraWulf commenced its HPC leasing operations and currently has energized 22.5 MW of HPC leasing capacity at the Lake Mariner Campus.”
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 targets first HPC revenue from the 20 MW CB-1 building in Q3 2025.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “Q3 2025: 20 MW CB-1”
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: “Q3 2025: 20 MW CB-1”
confirms TeraWulf 10-Q filed 2025-11-10
Quote: “HPC lease revenue 7,203 — 7,203 — Total revenue $ 50,578 $ 27,059 $ 132,619 $ 105,066”