Form 8-K · Current Report · Filed 2025-05-27
TeraWulf Announces Acquisition of Beowulf E&D
On May 21, 2025, TeraWulf Inc. completed the acquisition of 100% of the membership interests of Beowulf Electricity & Data LLC and its affiliates for approximately $52.4 million. The acquisition includes $3 million in cash, 5 million shares of TeraWulf common stock, and up to $19 million in contingent cash and $13 million in additional common stock based on earnout milestones. The acquisition simplifies TeraWulf's corporate structure and consolidates its resources under a unified operating framework. TeraWulf also terminated its Administrative and Infrastructure Services Agreement with Beowulf E&D on the same date. A press release announcing the acquisition was issued on May 27, 2025.
- Filer
- Terawulf Inc. WULF · NASDAQ
- Filed
- Accession
- 0001083301-25-000041
- CIK
- 0001083301
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Termination of a Material Definitive Agreement
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$3.93
Next session
-3.6%
Since filing
+349.2%
Latest close
$17.66
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from WULF reporting the same item, with the next session's move:
Exhibits (6)
About Terawulf Inc.
Terawulf Inc. is a company specializing in sustainable crypto mining practices, an increasingly important aspect of the burgeoning blockchain and cryptocurrency sectors. Terawulf operates by harnessing environmentally conscious solutions to power its data centers, aimed at reducing the carbon footprint typically associated with cryptocurrency mining operations. This commitment to sustainability is reflected in their strategic choice of locations and energy sources, often leveraging renewable resources to fuel mining activities. The company's operations are crucial in addressing the environmental concerns within the crypto industry, striving to make digital currencies more eco-friendly. Positioned at the intersection of tech innovation and environmental stewardship, Terawulf plays a significant role in pushing the market towards greener technological solutions and supports the broader adoption of digital assets by reducing the environmental impact of their production.
Never miss another WULF filing
Profitelligence watches EDGAR around the clock and alerts you within seconds.