2025 fixed operating cost guidance $84-94M
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
No passage gives actual full-year 2025 fixed operating costs or SG&A on the guidance basis. The nine-month SG&A figure includes stock-based compensation, so it cannot be compared.
“Selling, general and administrative expenses (including related party expenses) for the nine months ended September 30, 2025 and 2024 were $81.1 million and $38.3 million”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf raised 2025 fixed operating cost guidance to $84-94 million from $74-84 million, with SG&A raised to $50-55 million.
Source (primary)
terawulf 8-K exhibit (tm2523008d1_ex99-3.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “Projected Fixed Operating Cost Range of $84 – $94 million”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The guidance table shows total fixed costs updated to $84-94 million from $74-84 million, and SG&A updated to $50-55 million from $40-45 million.
Confirmed in the source:
- 2025 fixed operating cost guidance was updated to $84-94 million
- Prior 2025 fixed operating cost guidance was $74-84 million
- 2025 SG&A guidance was raised to $50-55 million from $40-45 million
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925078086/tm2523008d1_ex99-3.htm) in full (18,636 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523008d1_ex99-3.htm)
Quote: “Projected Fixed Operating Cost Range of $84 – $94 million”