Target stabilized leverage
Company: TeraWulf
The claim, verbatim
TeraWulf plans to refinance into long-duration bullet-maturity infra debt at ~4x stabilized leverage.
Source (primary)
Q1 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “Long-duration, bullet maturity infra debt ~4x stabilized leverage”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The playbook slide lists 'REFINANCE / DELEVER' with 'Long-duration, bullet maturity infra debt ~4x stabilized leverage.'
Confirmed in the source:
- TeraWulf's playbook includes a refinance/delever step into long-duration, bullet-maturity infrastructure debt
- The targeted stabilized leverage is approximately 4x
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23490/pdf/TeraWulf+Q1+2026+Investor+Presentation+%28May+2026%29.pdf) in full (27,753 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q1 2026 Earnings Update Presentation
Quote: “Long-duration, bullet maturity infra debt ~4x stabilized leverage”
confirms Q1 2026 Earnings Update Presentation
Quote: “Long-duration, bullet maturity infra debt ~4x stabilized leverage”