2025 operating expense guidance reaffirmed
Company: TeraWulf
What the later record shows
Delivered on time · happened December 31, 2025
Operating expenses including related party were $10.9 million through nine months of 2025. The FY2025 consolidating schedule appears to show about $12.1 million of operating expenses plus about $7.6 million related party, roughly $19.7 million, which is at or just under the $20-25 million guidance. The table text is garbled, so the row mapping is uncertain.
“Operating expenses (including related party expenses) for the nine months ended September 30, 2025 and 2024 were $10.9 million and $4.9 million, respectively”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
“Operating expenses 12,115 2,995 9,120 Explanation of TeraWulf Inc. Unconsolidated Revenue related to Digital Asset Mining segment”
2026-03-11 · TeraWulf Consolidating Schedules (FY 2025) View cached copy (2026-10-06)Live source ↗Archive.org ↗
Checked October 14, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf's 2025 operating expense guidance of $20-$25 million is unchanged following the acquisition.
Source (primary)
terawulf 8-K exhibit (wulfbedpressrelease05-27.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-14)Live source ↗
Quote: “operating expenses of $20-$25 million, remains unchanged following the acquisition”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The release states 2025 operating expense guidance of $20-$25 million remains unchanged after the acquisition.
Confirmed in the source:
- TeraWulf's previously announced 2025 operating expense guidance is $20-$25 million
- The guidance remains unchanged following the acquisition
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330125000041/wulfbedpressrelease05-27.htm) in full (7,724 characters, retrieved October 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (wulfbedpressrelease05-27.htm)
Quote: “operating expenses of $20-$25 million, remains unchanged following the acquisition”
confirms TeraWulf 10-Q filed 2025-11-10
Quote: “Operating expenses (including related party expenses) for the nine months ended September 30, 2025 and 2024 were $10.9 million and $4.9 million, respectively”
confirms TeraWulf Consolidating Schedules (FY 2025)
Quote: “Operating expenses 12,115 2,995 9,120 Explanation of TeraWulf Inc. Unconsolidated Revenue related to Digital Asset Mining segment”