Annual HPC capacity development target

Checked on September 15, 2026. The cited source supports part of this claim, but not all of it.

The filing gives a 250–500 MW annual target with those alignment factors. It describes the target as contracting new capacity, elsewhere calling it an 'objective of contracting 250 MW to 500 MW', not constructing it.

Confirmed in the source:

• TeraWulf's development model sets an annual target of approximately 250 MW to 500 MW of new critical IT HPC capacity
• The target is aligned with customer demand, power availability, and regional grid conditions

We could not confirm this from the cited source:

• The annual 250–500 MW target is a target for constructing new capacity (the filing describes it as contracting capacity, not building it)

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465926044031/tm2611661-8_424b5.htm) in full (226,161 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

confirms TeraWulf 424B5 filed 2026-04-16

Quote: “Our development model targets the contraction of approximately 250 MW to 500 MW of new critical IT HPC capacity annually, aligned with customer demand, power availability, and regional grid conditions.”

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