Estimated project financing for CB-1 and CB-2
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
Later presentations only repeat the roughly 70% financing assumption, and the 10-K describes a project financing closing as an earnout milestone without saying it occurred. No passage shows that 70% of CB-1 and CB-2 costs were actually financed.
“Estimated Project Financing assumes that ~70% of total project costs for Wulf Den, CB-1 and CB-2 are financed.”
2025-05-08 · Investor Presentation View cached copy (2026-11-05)Live source ↗Archive.org ↗
“Upon the execution by the Company of definitive documentation for a project financing of the CB-1 Project and the CB-2 Project”
2026-02-27 · View 10-K PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
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's 2025 capital allocation estimate assumes that 70% of total CB-1 and CB-2 project costs are financed.
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “Estimated Project Financing assumes that 70% of total project costs for CB-1 and CB-2 are financed.”
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 Nautilus Sale Announcement
Quote: “Estimated Project Financing assumes that 70% of total project costs for CB-1 and CB-2 are financed.”