HPC Capacity Expected Online 2025
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
What the later record shows
Delivered late · happened March 31, 2026
At 2025 year-end Lake Mariner had only 18 critical IT MW of HPC capacity. The full 60 MW Core42 build (WULF Den, CB-1, CB-2A, CB-2B) was energized by March 31, 2026, after the 2025 target.
“60 critical IT MW with Core42, commenced in 2025 and commencing in 2026”
2026-02-25 · terawulf 8-K exhibit (a_wulfearningsrelease2026-.htm) View cached copy (2026-09-13)Live source ↗
“as of December 31, 2025 the Lake Mariner Data Campus operated 245 MW of legacy bitcoin mining capacity and had 18 critical IT MW of HPC capacity”
2026-02-27 · View 10-K PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
“as of March 31, 2026, had energized 60 critical IT MW of HPC leasing capacity at the Lake Mariner Data Campus”
2026-05-07 · TeraWulf 10-Q filed 2026-05-08 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
72.5 MW gross / 60 MW net contracted HPC capacity expected to come online in 2025
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “72.5 (gross) / 60 (net) MW contracted and expected online in 2025”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The presentation states 72.5 (gross) / 60 (net) MW contracted and expected online in 2025.
Confirmed in the source:
- 72.5 MW gross / 60 MW net of HPC capacity is contracted
- This capacity is expected online in 2025
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23301/pdf/WULF_Q1_2025_Investor_Pres_vF.pdf) in full (23,307 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “72.5 (gross) / 60 (net) MW contracted and expected online in 2025”
confirms TeraWulf 10-Q filed 2026-05-08
Quote: “as of March 31, 2026, had energized 60 critical IT MW of HPC leasing capacity at the Lake Mariner Data Campus”
confirms View 10-K PDF
Quote: “as of December 31, 2025 the Lake Mariner Data Campus operated 245 MW of legacy bitcoin mining capacity and had 18 critical IT MW of HPC capacity”
confirms terawulf 8-K exhibit (a_wulfearningsrelease2026-.htm)
Quote: “60 critical IT MW with Core42, commenced in 2025 and commencing in 2026”