Terawulf Inc.
TeraWulf Announces Mandatory Conversion of Preferred Stock
Summary
TeraWulf Inc. announced the mandatory conversion of all outstanding shares of its Series A Convertible Preferred Stock into Common Stock, effective December 9, 2025. This conversion is due to the Company's common stock price exceeding 130% of the conversion price on at least five trading days from November 4 to November 24, 2025. The conversion will result in approximately 1.215 million shares of Common Stock being issued, with no further dividends accruing on the Convertible Preferred Stock.
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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.
Official SEC Documents
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