Capital expenditure of $8-10 million per MW
Company: TeraWulf
The claim, verbatim
Capital expenditure estimated at $8-10 million per MW of critical IT load
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: “Capex of $8MM-10MM per MW of critical IT load”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The presentation states capex of $8MM-10MM per MW of critical IT load, also listed as build cost of $8MM – $10MM per critical MW.
Confirmed in the source:
- Capital expenditure is estimated at $8-10 million per MW of critical IT load
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: “Capex of $8MM-10MM per MW of critical IT load”