Terawulf Inc.
TeraWulf Inc. Completes $3.2 Billion Senior Secured Notes Offering
Summary
On October 23, 2025, TeraWulf Inc.'s subsidiary, WULF Compute LLC, completed the private offering of 7.750% Senior Secured Notes due 2030, totaling $3.2 billion. The notes were issued at 100% of their principal amount and will finance the company's data center expansion in Barker, New York. The notes bear interest at a rate of 7.750% per year, payable semiannually, and are subject to certain covenants and redemption options. The transaction is detailed in an indenture with Wilmington Trust, National Association, as trustee, and is subject to customary completion guarantees by 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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