Data center campus construction in Abernathy, Texas
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
Company intends to use net proceeds to fund a portion of the cost of construction of a data center campus in Abernathy, Texas
Source (primary)
TeraWulf 8-K filed 2025-10-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company intends to use the net proceeds to fund a portion of the cost of construction of a data center campus in Abernathy, Texas and for general corporate purposes.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The filing states this intended use of proceeds directly. It also lists general corporate purposes as a use, which the claim leaves out but does not contradict.
Confirmed in the source:
- The Company intends to use the net proceeds of the offering to fund a portion of the cost of construction of a data center campus in Abernathy, Texas
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925103923/tm2529509d3_8k.htm) in full (5,978 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-10-30
Quote: “The Company intends to use the net proceeds to fund a portion of the cost of construction of a data center campus in Abernathy, Texas and for general corporate purposes.”
confirms terawulf 8-K exhibit (tm2529509d3_ex99-1.htm)
Quote: “The Company intends to use the net proceeds to fund a portion of the cost of construction of a data center campus in Abernathy, Texas and for general corporate purposes.”