Lake Mariner - 500 MW near-term expansion target
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Lake Mariner Data Campus is undergoing phased expansion to support HPC contracted deployments with gross capacity of approximately 500 MW in the near term, with potential for expansion to approximately 750 MW subject to NYISO approvals
Source (primary)
View 10-K PDF (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “The campus is undergoing phased expansion to support additional HPC contracted deployments with gross capacity of approximately 500 MW in the near term, with potential expansion to approximately 750 MW, subject to additional approvals from the NYISO.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K states the 500 MW near-term target and the 750 MW potential expansion, subject to NYISO approvals, in nearly identical words.
Confirmed in the source:
- The Lake Mariner Data Campus is undergoing phased expansion to support additional HPC contracted deployments
- The near-term gross capacity target is approximately 500 MW
- Potential expansion to approximately 750 MW is subject to additional NYISO approvals
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000031/0001083301-26-000031.pdf) in full (556,251 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K PDF
Quote: “The campus is undergoing phased expansion to support additional HPC contracted deployments with gross capacity of approximately 500 MW in the near term, with potential expansion to approximately 750 MW, subject to additional approvals from the NYISO.”