TeraWulf’s CB-3 Delivery Activates $600 Million in Google Credit Support

TeraWulf reached 102 megawatts (MW) of revenue-generating critical IT capacity at its Lake Mariner campus in early July 2026, with CB-3’s delivery making $600 million of Google credit support effective. CB-3 was delivered after Lake Mariner listed 81 MW of revenue-generating capacity at June 30. CB-3’s delivery brought Lake Mariner’s revenue-generating critical IT capacity to 102 MW and made $600 million of Google credit support effective for Fluidstack’s lease obligations. Google provides the credit backing, while Fluidstack is the tenant under the leases. Lake Mariner had 438 MW of contracted high-performance computing (HPC) capacity at June 30, 2026. Fluidstack accounted for 378 MW and Core42 for 60 MW. Another 336 MW across buildings CB-4 and CB-5 was under construction.

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