Year 1 Operating Expenses
Company: TeraWulf
The claim, verbatim
Operating expenses projected at approximately $42.7 million in 2027, consisting of operational expenses, property taxes, and insurance, escalating at 3% per annum
Source (primary)
terawulf 8-K exhibit (tm2533871d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-23)Live source ↗
Quote: “Opex (consisting of operational expenses, property taxes, and insurance) of ~$42.7MM in year 1, escalating at 3% per annum”
How we checked this
Checked on September 26, 2026. The cited source supports every part of this claim.
The key model assumptions give year 1 opex of about $42.7 million, list its components, and state 3% annual escalation. The projection table places year 1 in 2027.
Confirmed in the source:
- Opex is projected at approximately $42.7 million in year 1, which the table maps to 2027
- Opex consists of operational expenses, property taxes, and insurance
- Opex escalates at 3% per annum
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925122387/tm2533871d1_ex99-1.htm) in full (12,131 characters, retrieved September 23, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2533871d1_ex99-1.htm)
Quote: “Opex (consisting of operational expenses, property taxes, and insurance) of ~$42.7MM in year 1, escalating at 3% per annum”