• TeraWulf expects about $1.5 billion in average annualized net operating income from Lake Mariner and Justified once operational.
• The two campuses have 839 MW of contracted critical IT capacity, representing about $27 billion in contracted revenue.
• Annual contracted critical IT signings are targeted at 250-500 MW, supported by an identified development pipeline of about 2.1 GW.
• Lake Mariner targets phased delivery of 168 MW in November-December 2026, with another 168 MW targeted for the first quarter of 2027.
• Justified's 401 MW is scheduled for phased delivery from late 2027 through the second quarter of 2028, supporting about $800 million in annualized NOI.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Terawulf Inc. published the original content used to generate this news brief on November 06, 2026, and is solely responsible for the information contained therein.