Exhibit 2 · Project signal
TeraWulf Lake Mariner Campus (CB-5)
Data Center · Under Construction
ISO/RTO:NYISOConfidence:Medium
- Status
- Under Construction
- State
- NY
- County
- Niagara
- Nearest city
- Barker / western New York
- ISO / RTO
- New York Independent System Operator
- Utility
- NYISO
- Developer / owner
- TeraWulf Inc.; Fluidstack (200 MW lease, Google-backed)
- Estimated load
- 200 MW
- Estimated generation
- Not disclosed
- Reported capex (as cited)
- Not publicly itemized
- Announced
- 2025-08
- Expected COD
- Phased; CB-5 building H2 2026, expansion to 138+ MW by 2028-2029
- Public summary
- Former industrial site in western New York converted to a phased AI data-center campus. Fluidstack leased 200 MW of critical IT load in an August 2025 10-year deal backed by Google (which holds ~8% of TeraWulf). Buildout follows a NYISO-approved phased plan. Draws from a regional grid that is ~90% zero-carbon with surplus availability.
- Grid relevance
- One of the most concrete large-load data-center commitments in NYISO, where the large-load queue grew from ~1 GW to ~12 GW since 2022. Demonstrates the brownfield-conversion, surplus-power siting strategy NYISO favors.
- Last updated
- 2026-06-17
- Sources
- Blackridge Research: Upcoming NY data centersPulled 2026-06-17https://www.blackridgeresearch.com/blog/latest-list-upcoming-data-centers-in-newyork-city-state-nyc-united-states-us