Justified development investment estimate
Company: TeraWulf
The claim, verbatim
Management estimated $4.0 to $4.5 billion of investment in site development and initial halls for the Justified campus, equivalent to $10 to $12 million per critical IT megawatt.
Source (primary)
WULF Stock Forecast 2030: TeraWulf Model & Cash Flow - Northwise (-, news_article)
View cached copy (2026-09-20)Live source ↗
Quote: “It also estimated $4.0 billion to $4.5 billion of investment in site development and the initial halls, based on $10 million to $12 million per critical IT MW”
How we checked this
Checked on September 24, 2026. The cited source supports every part of this claim.
The report attributes this estimate to the company, including both the total range and the per-megawatt basis, and notes it excludes the customer's computing equipment.
Confirmed in the source:
- The company estimated $4.0 billion to $4.5 billion of investment for the Justified campus
- The estimate covers site development and the initial halls
- The estimate is based on $10 million to $12 million per critical IT MW
What we did: Read our cached copy of the publisher (https://northwiseproject.com/research/wulf-stock-forecast-2030) in full (77,288 characters, retrieved September 20, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WULF Stock Forecast 2030: TeraWulf Model & Cash Flow - Northwise
Quote: “It also estimated $4.0 billion to $4.5 billion of investment in site development and the initial halls, based on $10 million to $12 million per critical IT MW”