Abernathy JV 50.1% interest
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
TeraWulf holds a 50.1% joint venture interest in Abernathy (Flash Compute, TX/SPP), accounted for under the equity method.
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: “Average annualized NOI includes TeraWulf’s 50.1% interest in Abernathy’s net operating income.”
How we checked this
Checked on October 13, 2026. The cited source supports part of this claim, but not all of it.
The presentation confirms the 50.1% interest, equity-method accounting and the SPP market. It lists 'Flash Compute (TX / SPP)' with 50.1% ownership on a separate slide but never explicitly names it as the Abernathy JV.
Confirmed in the source:
- TeraWulf holds a 50.1% joint venture interest in Abernathy
- The Abernathy investment is accounted for under the equity method
- The Abernathy JV is in the SPP market
We could not confirm this from the cited source:
- That the Abernathy JV is the entity named Flash Compute located in Texas
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/2396/23490/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: “Average annualized NOI includes TeraWulf’s 50.1% interest in Abernathy’s net operating income.”