Sale of Abernathy Joint Venture interest
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
TeraWulf will sell its 50.1% ownership interest in the Abernathy Joint Venture to an investor group led by Fluidstack, monetizing approximately $450 million of invested capital at a premium and generating capital for redeployment into wholly owned AI infrastructure
Source (primary)
terawulf 8-K exhibit (tm2619468d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-04)Live source ↗
Quote: “TeraWulf will sell its entire 50.1% ownership interest in the Abernathy Joint Venture to an investor group led by Fluidstack... The sale enables TeraWulf to realize the value created through its $450 million investment”
How we checked this
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Additional evidence
confirms terawulf 8-K exhibit (tm2619468d1_ex99-1.htm)
Quote: “TeraWulf will sell its entire 50.1% ownership interest in the Abernathy Joint Venture to an investor group led by Fluidstack... The sale enables TeraWulf to realize the value created through its $450 million investment”