Lake Mariner Lease Amendments
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
Lake Mariner lease amendments executed July 5, 2026 result in $500M in additional revenue over the lease term with WULF contributing approximately $150M to fund tenant fit-out costs
Source (primary)
Q2 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “LAKE MARINER LEASE AMENDMENTS RESULT IN +$500M IN REVENUE OVER TERM...WULF Contributing ~$150 Million to Fund Tenant Fit-Out Costs”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The lease amendment slide states the amendments were executed July 5, 2026 and add more than $500M in revenue over the term. It also says WULF is contributing about $150M toward tenant fit-out costs incurred through June 30, 2026.
Confirmed in the source:
- The Lake Mariner lease amendments were executed on July 5, 2026
- The amendments add approximately $500M in revenue over the lease term
- WULF is contributing approximately $150M to fund tenant fit-out costs
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23522/pdf/TeraWulf+Q2+2026+Investor+Presentation.pdf) in full (28,349 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 2026 Earnings Update Presentation
Quote: “LAKE MARINER LEASE AMENDMENTS RESULT IN +$500M IN REVENUE OVER TERM...WULF Contributing ~$150 Million to Fund Tenant Fit-Out Costs”