Lake Mariner HPC capacity energized
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
As of December 31, 2025, Lake Mariner Data Campus had 18 critical IT MW of HPC capacity energized; Company commenced HPC leasing operations in July 2025
Source (primary)
View 10-K PDF (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “As of December 31, 2025 the Lake Mariner Data Campus... had 18 critical IT MW of HPC capacity. The Company commenced HPC leasing operations at the Lake Mariner Data Campus in July 2025”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The MD&A states both the 18 MW of energized HPC capacity and the July 2025 start of HPC leasing operations. The quote joins two nearby sentences.
Confirmed in the source:
- As of December 31, 2025, the Company had energized 18 critical IT MW of HPC capacity at the Lake Mariner Data Campus
- The Company commenced HPC leasing operations at the Lake Mariner Data Campus in July 2025
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: “As of December 31, 2025 the Lake Mariner Data Campus... had 18 critical IT MW of HPC capacity. The Company commenced HPC leasing operations at the Lake Mariner Data Campus in July 2025”