2025E HPC revenue prepay
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
No passage reports HPC revenue prepayments received in 2025. Total 2025 HPC lease revenue was $16.9M, and CB-2 had not commenced, but the prepay amount itself is not stated.
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
Estimated $105M HPC revenue prepay in 2025, assuming 12-month prepay for 20 MW CB-1 and 50 MW CB-2 at $1.5M per MW.
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “Estimated HPC Revenue Prepay assumes 12-month prepay for 20 MW CB-1 and 50 MW CB-2 at $1.5M per MW.”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The 2025 capital allocation chart shows $105.0M for the HPC revenue prepay. This matches the footnote's assumption of 70 MW at $1.5M per MW.
Confirmed in the source:
- TeraWulf estimated a $105 million HPC revenue prepay in 2025
- The estimate assumes a 12-month prepay for 20 MW CB-1 and 50 MW CB-2 at $1.5M per MW
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23300/pdf/WULF_Nautilus_Sale_Announcement_Deck_%2810-03-24%29vF.pdf) in full (14,394 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nautilus Sale Announcement
Quote: “Estimated HPC Revenue Prepay assumes 12-month prepay for 20 MW CB-1 and 50 MW CB-2 at $1.5M per MW.”
confirms Nautilus Sale Announcement
Quote: “Estimated HPC Revenue Prepay assumes 12-month prepay for 20 MW CB-1 and 50 MW CB-2 at $1.5M per MW.”