2025 fixed operating cost guidance
Company: TeraWulf
What the later record shows
The date slipped
In August 2025 the company raised its 2025 fixed cost guidance from $74-84 million to $84-94 million, with SG&A moving from $40-45 million to $50-55 million. The passages do not report actual full-year fixed costs on this guidance basis.
“Projected Fixed Operating Cost Range of $84 – $94 million 2025 Fixed Operating Cost Guidance”
2025-08-13 · terawulf 8-K exhibit (tm2523008d1_ex99-3.htm) View cached copy (2026-10-06)Live source ↗
“Convertible Notes Interest $84 – 94 million $74 – 84 million Total”
2025-08-13 · terawulf 8-K exhibit (tm2523008d1_ex99-3.htm) View cached copy (2026-10-06)Live source ↗
Checked November 6, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf targets 2025 annual fixed costs of $74-$84 million, made up of $40-45 million SG&A, $20-25 million operating expenses and $14 million convertible note interest.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-11-06)Live source ↗Archive.org ↗
Quote: “Target Annual Fixed Operating Expenses: $74 - $84 million”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Investor Presentation
Quote: “Target Annual Fixed Operating Expenses: $74 - $84 million”
delays terawulf 8-K exhibit (tm2523008d1_ex99-3.htm)
Quote: “Projected Fixed Operating Cost Range of $84 – $94 million 2025 Fixed Operating Cost Guidance”