Target NOI margin
Company: TeraWulf
The claim, verbatim
TeraWulf targets about 85% NOI margin on contracts, with low-teens yield on cost.
Source (primary)
Q1 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “~85% target NOI margin on contracts”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The playbook slide states '~85% target NOI margin on contracts' and 'Low-teens yield on cost.'
Confirmed in the source:
- TeraWulf targets about 85% NOI margin on contracts
- TeraWulf cites a low-teens yield on cost
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23490/pdf/TeraWulf+Q1+2026+Investor+Presentation+%28May+2026%29.pdf) in full (27,753 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q1 2026 Earnings Update Presentation
Quote: “~85% target NOI margin on contracts”