Annual capital formation
Company: TeraWulf
The claim, verbatim
250–500 MW of annual critical IT at $8–10M/MW implies $2.0B–$5.0B of annual capital formation.
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: “250-500 MW critical IT @ $8-10M/MW = $2.0B-$5.0B”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The playbook slide gives this exact annual capital formation calculation.
Confirmed in the source:
- 250–500 MW of annual critical IT at $8–10M/MW equals $2.0B–$5.0B of annual capital formation
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: “250-500 MW critical IT @ $8-10M/MW = $2.0B-$5.0B”