Lake Hawkeye capacity potential
Company: TeraWulf - Project: Cayuga Site
The claim, verbatim
Lake Hawkeye long-term ground lease has the potential to support up to 400 MW of gross capacity, representing approximately 320 MW of contractual critical IT load
Source (primary)
TeraWulf 424B5 filed 2026-04-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Lake Hawkeye ("Lake Hawkeye" or the "Cayuga Site"), a long-term ground lease in Lansing, New York which, upon completion of permitting and site development, has the potential to support up to 400 MW of gross capacity, representing approximately 320 MW of contractual critical IT load.”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The development pipeline section gives these figures for Lake Hawkeye. It notes they depend on completion of permitting and site development.
Confirmed in the source:
- Lake Hawkeye is a long-term ground lease
- It has the potential to support up to 400 MW of gross capacity
- That represents approximately 320 MW of contractual critical IT load
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465926043250/tm2611661-3_424b5.htm) in full (221,842 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 424B5 filed 2026-04-14
Quote: “Lake Hawkeye ("Lake Hawkeye" or the "Cayuga Site"), a long-term ground lease in Lansing, New York which, upon completion of permitting and site development, has the potential to support up to 400 MW of gross capacity, representing approximately 320 MW of contractual critical IT load.”