Lake Mariner expansion
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Lake Mariner campus expansion (162 MW critical IT) in 2027+ pipeline
Source (primary)
Q4 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗
Quote: “Lake Mariner (162 MW)”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The presentation lists Lake Mariner (162 MW) under its 2027+ pipeline, labels it as the LMD expansion, and states that the capacity figures are critical IT MW.
Confirmed in the source:
- Lake Mariner is listed with 162 MW in TeraWulf's 2027+ pipeline
- The 162 MW figure is critical IT capacity
- The 162 MW is described as an expansion ("LMD Expansion 162 MW")
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23307/pdf/TeraWulf_Q4_2025_Investor_Presentation_%28Feb_2026%29.pdf) in full (28,069 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q4 Earnings Update Presentation
Quote: “Lake Mariner (162 MW)”