Lake Mariner facility expansion target
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Electrical capital expenditures planned to expand Lake Mariner facility to 500 MW
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Includes electrical capital expenditures required to expand the Lake Mariner facility to 500 MW”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
A footnote to the 2024 Capital Allocation slide states that the Site Electrical item includes electrical capital expenditures required to expand Lake Mariner to 500 MW.
Confirmed in the source:
- The Site Electrical line in TeraWulf's Q4 2024 capital allocation includes electrical capital expenditures required to expand the Lake Mariner facility to 500 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: “Includes electrical capital expenditures required to expand the Lake Mariner facility to 500 MW”