Abernathy expected site NOI
Company: TeraWulf
The claim, verbatim
Abernathy project expected to generate ~$260 million average annual site NOI, ~70% site NOI margin.
Source (primary)
Majority-Owned Joint Venture with Fluidstack for 168 MW in Texas (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “Expected to generate ~$260MM of average annual site Net Operating Income ("NOI") (~70% site NOI margin)”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The presentation states the project is expected to generate ~$260MM of average annual site NOI at a ~70% site NOI margin. These figures cover 100% of the project, of which TeraWulf owns 51%.
Confirmed in the source:
- The Abernathy project is expected to generate about $260 million in average annual site net operating income (NOI)
- The expected site NOI margin is about 70%
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23305/pdf/Abernathy_JV_Announcement_Pres_Oct_2025vF.pdf) in full (7,261 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Majority-Owned Joint Venture with Fluidstack for 168 MW in Texas
Quote: “Expected to generate ~$260MM of average annual site Net Operating Income ("NOI") (~70% site NOI margin)”