~$315MM annual site NOI (~85% margin)
Company: TeraWulf
The claim, verbatim
The deal is expected to generate ~$315M of annual site net operating income, an ~85% site NOI margin.
Source (primary)
terawulf 8-K exhibit (tm2523008d2_ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “Expected to generate ~$315MM of annual site Net Operating Income (“NOI”) (~85% site NOI margin)”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The deal economics slide states expected annual site NOI of about $315MM at an approximately 85% site NOI margin.
Confirmed in the source:
- The deal is expected to generate about $315M of annual site net operating income
- The expected site NOI margin is about 85%
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925078084/tm2523008d2_ex99-2.htm) in full (7,456 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523008d2_ex99-2.htm)
Quote: “Expected to generate ~$315MM of annual site Net Operating Income (“NOI”) (~85% site NOI margin)”