Abernathy joint venture stake sale proceeds for AI campus development
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
TeraWulf will reinvest approximately $450 million from the sale of its 50.1% interest in the Abernathy joint venture into wholly owned AI infrastructure campuses
Source (primary)
WULF Stock Jumps As TeraWulf Locks In Massive AI Power And Cash Flows - StocksToTrade (-, news_article)
View cached copy (2026-09-02)Live source ↗Archive.org ↗
Quote: “TeraWulf sold its 50.1% interest in the Abernathy joint venture at a premium, freeing roughly $450M to reinvest into wholly owned AI infrastructure campuses”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The article says TeraWulf sold its 50.1% Abernathy stake, freeing roughly $450M to reinvest into wholly owned AI infrastructure campuses.
Confirmed in the source:
- TeraWulf sold its 50.1% interest in the Abernathy joint venture
- The sale freed roughly $450 million
- The proceeds are to be reinvested into wholly owned AI infrastructure campuses
What we did: Read our cached copy of the publisher (https://stockstotrade.com/news/terawulf-inc-wulf-news-2026_08_27/) in full (13,412 characters, retrieved September 2, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WULF Stock Jumps As TeraWulf Locks In Massive AI Power And Cash Flows - StocksToTrade
Quote: “TeraWulf sold its 50.1% interest in the Abernathy joint venture at a premium, freeing roughly $450M to reinvest into wholly owned AI infrastructure campuses”