Total HPC Project Capex
Company: TeraWulf
The claim, verbatim
Total capital expenditure of approximately $430 million for full HPC hosting platform buildout
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “Total CapEx $430M”
How we checked this
Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.
The $430M total CapEx figure appears in the document. It corresponds to the initial contracted Core42 capacity, not a full platform buildout.
Confirmed in the source:
- Updated HPC guidance gives total CapEx of $430M
We could not confirm this from the cited source:
- That the $430M covers the full HPC hosting platform buildout; the document ties it to the 60 MW critical (72.5 MW gross) Core42 contracted capacity, not the full ~750 MW platform
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
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: “Total CapEx $430M”