Morgantown power generation facility acquisition planned
Company: TeraWulf
What the later record shows
The date slipped · new target December 31, 2026
The Morgantown acquisition had not closed by the end of Q2 2026. FERC authorized it on July 29, 2026, and the company now expects to close in the second half of 2026.
“On July 29, 2026, FERC authorized the pending acquisition of the Morgantown generating station.”
2026-08-04 · TeraWulf 10-Q filed 2026-08-05 View cached copy (2026-08-31)Live source ↗
“Subject to the remaining closing conditions and required approvals, the Company expects to close on the Morgantown acquisition in the second half of 2026.”
2026-08-04 · TeraWulf 10-Q filed 2026-08-05 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company entered into Equity and Asset Purchase Agreement for Morgantown generating station in Charles County, Maryland featuring approximately 210 MW of current operational capacity; closing subject to third-party consents and regulatory approvals including from FERC; expected to close in Q2 2026
Source (primary)
View 10-K PDF (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Additionally, on February 2, 2026, the Company issued a press release announcing the entry into an Equity and Asset Purchase Agreement (the "Morgantown Purchase Agreement") for the Morgantown generating station in Charles County, Maryland... contemplates the acquisition of the Morgantown generating station, a grid-connected power generation facility with approximately 210 MW of current operational capacity... The Company expects to close on the Morgantown acquisition in the second quarter of 2026, subject to receiving these consents and approvals”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 10-K describes the Morgantown agreement, the 210 MW capacity, the FERC and other approval conditions, and the expected second-quarter 2026 closing.
Confirmed in the source:
- TeraWulf entered into an Equity and Asset Purchase Agreement for the Morgantown generating station in Charles County, Maryland
- The Morgantown station has approximately 210 MW of current operational capacity
- Closing is subject to third-party consents and customary regulatory approvals, including from the Federal Energy Regulatory Commission
- TeraWulf expects to close the Morgantown acquisition in the second quarter of 2026
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: “Additionally, on February 2, 2026, the Company issued a press release announcing the entry into an Equity and Asset Purchase Agreement (the "Morgantown Purchase Agreement") for the Morgantown generating station in Charles County, Maryland... contemplates the acquisition of the Morgantown generating station, a grid-connected power generation facility with approximately 210 MW of current operational capacity... The Company expects to close on the Morgantown acquisition in the second quarter of 2026, subject to receiving these consents and approvals”
delays TeraWulf 10-Q filed 2026-08-05
Quote: “On July 29, 2026, FERC authorized the pending acquisition of the Morgantown generating station.”