Terawulf Inc.
TeraWulf Inc. Announces Pricing of $3.2 Billion Senior Secured Notes
Summary
On October 16, 2025, TeraWulf Inc. announced that its subsidiary, WULF Compute LLC, priced a $3.2 billion offering of 7.750% senior secured notes due 2030. The notes, which are expected to close on October 23, 2025, will be used to finance a portion of the data center expansion at its Lake Mariner campus in Barker, New York. The notes are fully guaranteed by WULF Compute's subsidiaries and secured by various assets, including a designated lockbox account and a pledge by Google LLC of warrants to purchase common stock of TeraWulf.
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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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