Approximately 70% site NOI margin

Subject kind: guidance
Statement date: 2025-10-27
Promised amount: 70.0 percent
Current status: stated

The claim, verbatim

Expected approximately 70% site NOI margin over the lease life

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: “(~70% site NOI margin)”

How we checked this

Checked on October 10, 2026. The cited source supports every part of this claim.

The presentation states '~70% Expected NOI Margin, Average over lease life' and separately '~70% site NOI margin'.

Confirmed in the source:

The expected site NOI margin is approximately 70%
The ~70% NOI margin is an average over the lease life

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: “(~70% site NOI margin)”

View cached copy (2026-09-01)Live source ↗Archive.org ↗

Record of changes

September 2, 2026 — stated

Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.

October 9, 2026 — stated

Review. statement_date 2026-09-01 was the source's retrieval date; source published 2025-10-27.