HPC revenue prepayment assumption
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
12-month prepay for CB-1 and CB-2 assumed at $1.5 million per MW
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Estimated HPC Revenue Prepay assumes 12-month prepay for 20 MW CB-1 and 50 MW CB-2 at $1.5M per MW”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
A footnote to the 2025 Capital Allocation slide states that the estimated HPC Revenue Prepay assumes a 12-month prepay for 20 MW CB-1 and 50 MW CB-2 at $1.5M per MW.
Confirmed in the source:
- The estimated HPC revenue prepay assumes a 12-month prepay for CB-1 and CB-2
- The assumed prepay rate is $1.5 million per MW
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23300/pdf/WULF_Nautilus_Sale_Announcement_Deck_%2810-03-24%29vF.pdf) in full (14,394 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nautilus Sale Announcement
Quote: “Estimated HPC Revenue Prepay assumes 12-month prepay for 20 MW CB-1 and 50 MW CB-2 at $1.5M per MW”