$100M completion guarantee
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
JV Partners Holdco will provide a capped completion guarantee of up to $100 million to ensure completion of the Abernathy HPC Campus if proceeds and available funds are insufficient
Source (primary)
TeraWulf 8-K filed 2025-12-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “JV Partners Holdco will provide a capped completion guarantee with respect to the construction of the Abernathy HPC Campus, which will require JV Partners Holdco to provide Flash Compute with up to $100 million to the extent necessary to ensure the completion of the Abernathy HPC Campus”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing describes the capped $100 million completion guarantee and the insufficiency condition that triggers it.
Confirmed in the source:
- JV Partners Holdco will provide a capped completion guarantee for construction of the Abernathy HPC Campus
- The guarantee requires JV Partners Holdco to provide Flash Compute with up to $100 million
- The guarantee applies to the extent the note proceeds and available funds are insufficient to complete the campus
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925124839/tm2534384d1_8k.htm) in full (10,443 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-12-29
Quote: “JV Partners Holdco will provide a capped completion guarantee with respect to the construction of the Abernathy HPC Campus, which will require JV Partners Holdco to provide Flash Compute with up to $100 million to the extent necessary to ensure the completion of the Abernathy HPC Campus”