Sale of Abernathy Joint Venture membership interest
Company: TeraWulf
The claim, verbatim
TeraWulf sold its 50.1% membership interest in the Abernathy JV on July 6 for approximately $530 million
Source (primary)
TeraWulf Consolidating Schedules (Q2 2026) (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “TeraWulf's 50.1% membership interest in the Abernathy JV was sold on July 6 for aggregate cash consideration of approximately $530 million”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
TeraWulf's Q2 2026 consolidating schedules state directly that its 50.1% membership interest in the Abernathy JV was sold on July 6 for aggregate cash consideration of approximately $530 million.
Confirmed in the source:
- TeraWulf held a 50.1% membership interest in the Abernathy Joint Venture
- TeraWulf's 50.1% membership interest in the Abernathy JV was sold on July 6
- The sale was for aggregate cash consideration of approximately $530 million
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2476/23523/pdf/TeraWulf+Consolidating+Schedules+%28Q2+2026%29.pdf) in full (9,624 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf Consolidating Schedules (Q2 2026)
Quote: “TeraWulf's 50.1% membership interest in the Abernathy JV was sold on July 6 for aggregate cash consideration of approximately $530 million”