Project financing assumption for CB-1 and CB-2
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
70% of total project costs for CB-1 and CB-2 assumed to be financed
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Estimated Project Financing assumes that 70% of total project costs for CB-1 and CB-2 are financed”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
A footnote to the 2025 Capital Allocation slide states that estimated Project Financing assumes 70% of total project costs for CB-1 and CB-2 are financed.
Confirmed in the source:
- The estimated project financing assumes that 70% of total project costs for CB-1 and CB-2 are financed
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: “Estimated Project Financing assumes that 70% of total project costs for CB-1 and CB-2 are financed”