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)
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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”
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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”