2025 fixed operating costs $84-94M
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
The passages restate the $84–94M guidance but give no actual 2025 fixed-cost totals for SG&A, operating expense and note interest that could be compared with it.
“Projected Fixed Operating Cost Range of $84 – $94 million 2025 Fixed Operating Cost Guidance Updated Guidance Prior Guidance”
2025-08-13 · terawulf 8-K exhibit (tm2523008d1_ex99-3.htm) View cached copy (2026-10-06)Live source ↗
Checked October 13, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Updated 2025E fixed cost guidance raised to $84-94M (from $74-84M), with SG&A $50-55M, opex $20-25M, convertible note interest $14M.
Source (primary)
Q2 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗
Quote: “Projected Fixed Operating Cost Range of $84–$94 million”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The guidance table shows the prior and updated totals and each component as claimed. The increase comes from SG&A rising from $40-45 million to $50-55 million.
Confirmed in the source:
- Updated 2025E fixed cost guidance is $84-94 million
- Prior guidance was $74-84 million
- Updated SG&A guidance is $50-55 million
- Operating expense guidance is $20-25 million
- Convertible notes interest is $14 million
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23302/pdf/WULF_Q2_2025_Investor_Update_%28Aug_2025%29vF.pdf) in full (17,599 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 Earnings Update Presentation
Quote: “Projected Fixed Operating Cost Range of $84–$94 million”