Abernathy Joint Venture investment
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
TeraWulf holds an equity-method investment in the Abernathy Joint Venture.
Source (primary)
TeraWulf Consolidating Schedules (Q1 2026) (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-10-06)Live source ↗
Quote: “Investment in Abernathy Joint Venture”
How we checked this
Checked on October 12, 2026. The cited source supports every part of this claim.
The balance sheet lists 'Equity in net assets of investee' and explains it as the investment in the Abernathy Joint Venture. The income statement records TeraWulf's equity share of the venture's net loss, which is equity-method treatment.
Confirmed in the source:
- TeraWulf's balance sheet carries an 'Equity in net assets of investee' asset, explained as its investment in the Abernathy Joint Venture
- TeraWulf records 'Equity in net loss of Abernathy Joint Venture' in its statement of operations, consistent with equity-method accounting
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2476/23511/pdf/WULF+Consolidating+Schedules+%28Q1+2026%29.pdf) in full (6,664 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf Consolidating Schedules (Q1 2026)
Quote: “Investment in Abernathy Joint Venture”