jain.com

CB-2 first revenue target

Company: TeraWulf

Subject kind
facility timeline
Statement date
2025-05-08
Promised by
2025-12-31
Promised amount
50.0 MW
Current status
verified

What the later record shows

Delivered; the record does not say when

Only Wulf Den and CB-1 were generating lease load at the end of Q3 2025, and all Core42 leases had commenced by March 31, 2026, which implies CB-2 was included. No passage names CB-2 or says whether its first revenue came in Q4 2025.

“Leased Capacity: 522.5 MW ▪ Core42: 72.5 MW in 2025 ▪ Fluidstack: 450 MW in 2026”
2025-09-04 · WULF Expands Fluidstack Deal View cached copy (2026-10-13)Live source ↗
“EOP Active Leased HPC Load (Net) 18 MW ➢ Wulf Den (2 MW net), CB-1 (16 MW net)”
2025-11-09 · terawulf 8-K exhibit (wulfq32025investorupdate.htm) View cached copy (2026-09-27)Live source ↗
“All of the Core42 Leases have commenced which comprised 60 critical IT MW HPC lease capacity as of March 31, 2026.”
2026-05-07 · TeraWulf 10-Q filed 2026-05-08 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 50 MW CB-2 building in Q4 2025.

Source (primary)

Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-11-05)Live source ↗Archive.org ↗

Quote: “Q4 2025: 50 MW CB-2”

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: “Q4 2025: 50 MW CB-2”

View cached copy (2026-11-05)Live source ↗Archive.org ↗

confirms TeraWulf 10-Q filed 2026-05-08

Quote: “All of the Core42 Leases have commenced which comprised 60 critical IT MW HPC lease capacity as of March 31, 2026.”

View cached copy (2026-08-31)Live source ↗

confirms terawulf 8-K exhibit (wulfq32025investorupdate.htm)

Quote: “EOP Active Leased HPC Load (Net) 18 MW ➢ Wulf Den (2 MW net), CB-1 (16 MW net)”

View cached copy (2026-09-27)Live source ↗

confirms WULF Expands Fluidstack Deal

Quote: “Leased Capacity: 522.5 MW ▪ Core42: 72.5 MW in 2025 ▪ Fluidstack: 450 MW in 2026”

View cached copy (2026-10-13)Live source ↗

Record of changes

November 5, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
November 5, 2026 — verified
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.