HPC Annual Recurring Revenue Per MW
Company: TeraWulf
The claim, verbatim
Annual recurring rent of approximately $1.6M per critical MW for HPC hosting services
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Annual recurring rent ~$1.6M/MW”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The updated HPC guidance lists annual recurring rent of ~$1.6M/MW, and a footnote ties it to critical MW.
Confirmed in the source:
- Annual recurring rent is approximately $1.6M per MW
- The rent is per critical MW (guidance is based on 60 MW critical at ~$1.6M/MW annually)
- The rent relates to HPC hosting
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23301/pdf/WULF_Q1_2025_Investor_Pres_vF.pdf) in full (23,307 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “Annual recurring rent ~$1.6M/MW”