Form 8-K · Current Report · Filed 2025-08-22
TeraWulf Inc. Fully Exercises Greenshoe Option in $1.0 Billion Convertible Notes Offering
On August 22, 2025, TeraWulf Inc. announced the full exercise of a greenshoe option in its $1.0 billion Convertible Senior Notes offering, increasing the total principal amount of notes sold to $1.0 billion. The offering was made in a private placement under Rule 144A of the Securities Act. TeraWulf used approximately $100.6 million of the net proceeds to fund the cost of capped call transactions and allocated the remaining net proceeds of approximately $874.6 million to its data center expansion and general corporate purposes.
- Filer
- Terawulf Inc. WULF · NASDAQ
- Filed
- Accession
- 0001104659-25-081886
- CIK
- 0001083301
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Creation of a Direct Financial Obligation
Unregistered Sales of Equity Securities
Financial Statements and Exhibits
Market reaction
Close before filing
$9.19
Next session
-2.8%
Since filing
+92.1%
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 (1)
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.