Abernathy average annual revenue
Company: TeraWulf
The claim, verbatim
~$380MM average annual contracted revenue for the Abernathy project (100% basis).
Source (primary)
Majority-Owned Joint Venture with Fluidstack for 168 MW in Texas (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-10-06)Live source ↗
Quote: “~$380MM average annual contracted revenue”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The document gives ~$380MM average annual contracted revenue and says the economics shown are for 100% of the project.
Confirmed in the source:
- Approximately $380MM average annual contracted revenue
- The figure is for the Abernathy project
- The figure is on a 100% project basis
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23305/pdf/Abernathy_JV_Announcement_Pres_Oct_2025vF.pdf) in full (7,261 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Majority-Owned Joint Venture with Fluidstack for 168 MW in Texas
Quote: “~$380MM average annual contracted revenue”