~$570MM annual site NOI
Company: TeraWulf
The claim, verbatim
Expected to generate approximately $570 million of annual site net operating income (~85% site NOI margin).
Source (primary)
WULF Expands Fluidstack Deal (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-10-06)Live source ↗
Quote: “Expected to generate ~$570MM of annual site Net Operating Income ("NOI") (~85% site NOI margin)”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The presentation states expected annual site NOI of ~$570MM at an ~85% site NOI margin.
Confirmed in the source:
- The deal is expected to generate approximately $570 million of annual site net operating income
- The expected site NOI margin is about 85%
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23304/pdf/WULF_Expands_Fluidstack_Deal_August_2025.pdf) in full (11,936 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WULF Expands Fluidstack Deal
Quote: “Expected to generate ~$570MM of annual site Net Operating Income ("NOI") (~85% site NOI margin)”