Abernathy Joint Venture Investment
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
TeraWulf has an investment in the Abernathy Joint Venture
Source (primary)
TeraWulf Consolidating Schedules (FY 2025) (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗
Quote: “Investment in Abernathy Joint Venture”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The consolidating balance sheet explains the 'Equity in net assets of investee' line as 'Investment in Abernathy Joint Venture', and the income statement records equity in net loss of the Abernathy Joint Venture.
Confirmed in the source:
- TeraWulf has an investment in the Abernathy Joint Venture, recorded as equity in net assets of investee on its December 31, 2025 balance sheet
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2476/23464/pdf/WULF_Consolidating_Schedules_%28FYE_2025%29.pdf) in full (6,760 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf Consolidating Schedules (FY 2025)
Quote: “Investment in Abernathy Joint Venture”