$260 million average annual NOI
Company: TeraWulf
The claim, verbatim
Expected to generate approximately $260 million of average annual Net Operating Income
Source (primary)
Majority-Owned Joint Venture with Fluidstack for 168 MW in Texas (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Expected to generate ~$260MM of average annual site Net Operating Income”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The presentation states the project is expected to generate ~$260MM of average annual site NOI. The figure covers 100% of the project.
Confirmed in the source:
- The Abernathy project is expected to generate approximately $260 million of average annual site net operating income
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23305/pdf/Abernathy_JV_Announcement_Pres_Oct_2025vF.pdf) in full (7,261 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Majority-Owned Joint Venture with Fluidstack for 168 MW in Texas
Quote: “Expected to generate ~$260MM of average annual site Net Operating Income”