Abernathy expected annual NOI
Company: TeraWulf
The claim, verbatim
Expected to generate ~$260MM of average annual site NOI (~70% site NOI margin).
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: “Expected to generate ~$260MM of average annual site Net Operating Income ("NOI") (~70% site NOI margin)”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The document states this NOI figure and margin directly.
Confirmed in the source:
- Expected to generate approximately $260MM of average annual site NOI
- Approximately 70% site NOI margin
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: “Expected to generate ~$260MM of average annual site Net Operating Income ("NOI") (~70% site NOI margin)”