Earnings call briefSecond-quarter 2026
TeraWulf estimates WULF Compute cost at approximately $9.1 million per megawatt
TeraWulf said the figure is within its original range of $8 million to $10 million per megawatt, and above the approximately $8.6 million financed in October 2025.
GetSignal TeraWulf WULF
On its second-quarter call, TeraWulf said the updated estimate reflects electrical labor constraints and evolving customer equipment and operating requirements.
CFO Patrick Fleury said that, after the FluidStack lease amendments and TeraWulf's additional capital contributions, the project's pro forma capitalization is expected to be approximately 32% equity and 68% debt, compared with approximately 26% equity and 74% debt at the time of financing.
Quotes from the call
“We currently estimate total project costs at approximately $9.1 million per megawatt within that original guidance range and modestly above the approximately $8.6 million per megawatt financed in October 2025.”
Key facts from the call
- Estimated WULF Compute project cost per megawatt
- approximately $9.1 million
- Original range per critical IT megawatt
- $8 million to $10 million
- Cost per megawatt financed in October 2025
- approximately $8.6 million
Source: TeraWulf's second-quarter 2026 earnings call, August 5, 2026.
Written by GetSignal with AI from the company's earnings call.
Not investment advice.
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