$WULF Summary of where things stand. 2025-2026 60MW Core42 @ LM 360 MW FS/G @ LM 168 MW FS/G 51% @ TX 2027 120 MW avail @ Cayuga 168 MW FS/G New Site ??? MW add-on @ TX 2028 200 MW avail @ LM 135 MW avail @ Cayuga 2029 80 MW avail @ Cayuga Terawulf guiding up to 510 MW a

$WULF This raises $1B with no interest and payments for 6.5 years. investors.terawulf.com/news-events/pr…

My thesis all along and reaffirmed by Adam Sullivan on his call-it’s not how big the pipeline of MW is, it’s how many you can buildout. The former is greater than the latter. The market will realize this soon. $WULF $CORZ

I added to my $WULF position today

*Firewall 2025 290k + D / 1,320,000 b Firewall 2021 280k + D / 800,000 b * awaiting final mail in day 9 - projecting 5k +D It can be stated: that it took Sherrill 1,320,000 ballots to achieve the same firewall that Murphy produced in only 600,000 ballots Another way to

Deutsche Bank is exploring ways to hedge its exposure to data centers. It's looking at options including shorting a basket of AI-related stocks and buying default protection via synthetic risk transfers. ft.com/content/c04280…

$WULF Remember that these convertible deals are only dilutive if the company doesn’t take them out prior. They will.

$WULF the Abernathy site. linkedin.com/posts/outlaw-v…

$WULF provides the most clarity from anyone in the space. - 510 MW contracted and delivered by year end 2026 - pipeline of over 1.6+ GW (this includes 168 MW for Abernathy expansion, 168 MW for unnamed FS site, and possibly 2 more sites by year end) - from that, company is

Aligned Data Centers was acquired by Blackrock GIP for $40B. They have 600 MW operational and 700 MW under construction. For those asking if $WULF is cheap, it is trading under $6B market cap. By end of 2026, TeraWulf will have 642 MW operational with similar glide path

$CORZ delays seems more substantial than they alluded to on conference call

iykyk 🎤🫳 $WULF

$WULF. Here is today’s Anthropic press release. More to come… anthropic.com/news/anthropic…

Anthropic’s announcement today to invest $50B in data centers by 2026 and their recent TPU deal with Google equates to approximately 1 GW of compute. Between $WULF and $CIFR, approx 700 MW have been contracted. Probably 1-2 more leases incoming.

While Google is backstopping the $WULF Fluidstack leases, it could just as well have been Amazon who also own 14%+ of Anthropic.

$WULF will need to go to debt markets to finance Abernathy and I expect better terms than their first offering given how well it’s trading

$GOOGL Google investing $40B across 3 data centers in Texas. One is a Crusoe site in Armstrong County. newschannel10.com/2025/10/18/arm… One of the Haskell County sites sits near Southern Power’s Millers Branch facility. Not sure about the third. $CIFR $WULF $IREN $CORZ

youtu.be/x35OphL9eLA $WULF Blockspace Patrick Fleury interview