Expected annual site NOI from Fluidstack deal
Company: TeraWulf
The claim, verbatim
The leases are expected to generate ~$570MM of annual site net operating income (~85% site NOI margin).
Source (primary)
WULF Expands Fluidstack Deal (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-10-13)Live source ↗
Quote: “Expected to generate ~$570MM of annual site Net Operating Income ("NOI") (~85% site NOI margin)”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The deal's revenue slide states the expected ~$570MM of annual site NOI and the ~85% margin.
Confirmed in the source:
- The leases are expected to generate about $570MM of annual site net operating income
- The expected site NOI margin is about 85%
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23304/pdf/WULF_Expands_Fluidstack_Deal_August_2025.pdf) in full (11,936 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WULF Expands Fluidstack Deal
Quote: “Expected to generate ~$570MM of annual site Net Operating Income ("NOI") (~85% site NOI margin)”