Contracted revenue backlog
Company: TeraWulf
The claim, verbatim
TeraWulf has over $13 billion of contracted revenue under 10–25-year leases.
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: “$13B+ ... REVENUE CONTRACTED”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The platform snapshot slide pairs '$13B+' with the 'REVENUE CONTRACTED' label and describes the contracts as having '10–25-year lease terms.'
Confirmed in the source:
- TeraWulf reports $13B+ of contracted revenue
- TeraWulf's contracts carry 10–25-year lease terms
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: “$13B+ ... REVENUE CONTRACTED”
confirms Q1 2026 Earnings Update Presentation
Quote: “$13B+ ~$815M LEASED CAPACITY CONTROLLED PIPELINE DIVERSIFIED PLATFORM REVENUE CONTRACTED AVG ANNUAL NOI”