Abernathy JV capex $1.3-1.7B
Company: TeraWulf
The claim, verbatim
Total uses for Abernathy estimated at $1.3B-$1.7B, with $1.3B from Google backstop; capex of $8-10MM per MW of critical IT load.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “$1.3B - $1.7B (2) $1.3B Google Backstop”
How we checked this
Checked on October 13, 2026. The cited source supports part of this claim, but not all of it.
The slide shows $1.3B-$1.7B of Abernathy uses, with a footnote giving capex of $8-10MM per MW. A '$1.3B Google Backstop' label appears nearby, but the chart text does not clearly tie it to Abernathy funding.
Confirmed in the source:
- Total uses for Abernathy are estimated at $1.3B-$1.7B
- The capex assumption is $8MM-$10MM per MW of critical IT load
We could not confirm this from the cited source:
- The document does not clearly establish that $1.3B of Abernathy funding comes from a Google backstop
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23306/pdf/WULF_Q3_2025_Investor_Update_%28Nov_2025%29vF.pdf) in full (31,442 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “$1.3B - $1.7B (2) $1.3B Google Backstop”