Abernathy Joint Venture 50.1% equity interest
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
Company holds 50.1% equity interest in Abernathy Joint Venture; entered into amended and restated LLC agreement on October 27, 2025; campus designed for 168 MW of critical IT load
Source (primary)
View 10-K PDF (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “On October 27, 2025, the Company entered into an amended and restated limited liability company agreement governing the Abernathy Joint Venture. The Company holds a 50.1% equity interest in the joint venture... The Abernathy HPC Campus is designed for 168 MW of critical IT load, representing the full build-out of the site”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The MD&A states the agreement date, the 50.1% interest and the 168 MW design capacity. The quote is assembled from adjacent sentences with an ellipsis.
Confirmed in the source:
- The Company holds a 50.1% equity interest in the Abernathy Joint Venture
- The Company entered into the amended and restated LLC agreement governing the joint venture on October 27, 2025
- The Abernathy HPC Campus is designed for 168 MW of critical IT load
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000031/0001083301-26-000031.pdf) in full (556,251 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K PDF
Quote: “On October 27, 2025, the Company entered into an amended and restated limited liability company agreement governing the Abernathy Joint Venture. The Company holds a 50.1% equity interest in the joint venture... The Abernathy HPC Campus is designed for 168 MW of critical IT load, representing the full build-out of the site”