Annual site net operating income
Company: TeraWulf
The claim, verbatim
Expected to generate ~$570 million of annual site NOI (~85% site NOI margin)
Source (primary)
WULF Expands Fluidstack Deal (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Expected to generate ~$570MM of annual site Net Operating Income ("NOI") (~85% site NOI margin)”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The deck says the leases are expected to generate about $570MM of annual site NOI at an approximately 85% margin.
Confirmed in the source:
- Expected annual site NOI of about $570 million
- Site NOI margin of about 85%
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23304/pdf/WULF_Expands_Fluidstack_Deal_August_2025.pdf) in full (11,936 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms WULF Expands Fluidstack Deal
Quote: “Expected to generate ~$570MM of annual site Net Operating Income ("NOI") (~85% site NOI margin)”