Sale of Abernathy JV interest
Company: TeraWulf
The claim, verbatim
Entered into agreement to sell Abernathy JV interest for ~$530M (~20% IRR), received in three payments; $250M first payment received early July 2026.
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: “Entered into Agreement to Sell Abernathy JV Interest for $530M”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The presentation states the $530M Abernathy sale agreement and the ~20% IRR. A footnote confirms that $250M was received in early July as the first of three payments.
Confirmed in the source:
- TeraWulf entered into an agreement to sell its Abernathy JV interest for $530M
- The Abernathy sale is described as an attractive return of ~20% IRR
- The Abernathy JV exit proceeds are paid in three payments
- The $250M first payment was received in early July 2026
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: “Entered into Agreement to Sell Abernathy JV Interest for $530M”
confirms Q2 2026 Earnings Update Presentation
Quote: “Entered into Agreement to Sell Abernathy JV Interest for $530M”