Target NOI margin on contracts

Subject kind: guidance
Statement date: 2026-08-04
Promised amount: 85.0 percent
Current status: stated

The claim, verbatim

TeraWulf targets ~85% NOI margin on contracts and ~4.5x stabilized leverage.

Source (primary)

Q2 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗

Quote: “~85% target NOI margin on contracts”

How we checked this

Checked on October 13, 2026. The cited source supports every part of this claim.

The playbook slide lists both a ~85% target NOI margin on contracts and ~4.5x stabilized leverage.

Confirmed in the source:

TeraWulf targets ~85% NOI margin on contracts
TeraWulf targets ~4.5x stabilized leverage

What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23522/pdf/TeraWulf+Q2+2026+Investor+Presentation.pdf) in full (28,349 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Q2 2026 Earnings Update Presentation

Quote: “~85% target NOI margin on contracts”

View cached copy (2026-10-06)Live source ↗Archive.org ↗

Record of changes

October 6, 2026 — stated

Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.

October 9, 2026 — stated

Review. statement_date 2026-10-06 was the source's retrieval date; source published 2026-08-04.