Form 8-K · Current Report · Filed 2025-10-31
TeraWulf Inc. Closes $1.025 Billion Convertible Notes Offering
On October 31, 2025, TeraWulf Inc. completed a private offering of 0.00% Convertible Senior Notes due 2032, raising approximately $999.7 million in net proceeds. The funds will be used to finance the construction of a data center campus in Abernathy, Texas, and for general corporate purposes. The notes, issued at par, are convertible into shares of TeraWulf's common stock under certain conditions. The transaction was announced via a press release filed as Exhibit 99.1.
- Filer
- Terawulf Inc. WULF · NASDAQ
- Filed
- Accession
- 0001104659-25-104928
- CIK
- 0001083301
- Signal
- Medium impactFinancial Services
- Source
- Official filing on sec.gov ↗
Items reported
Entry into a Material Definitive Agreement
Creation of a Direct Financial Obligation
Unregistered Sales of Equity Securities
Other Events
Financial Statements and Exhibits
Market reaction
Close before filing
$14.82
Next session
+8.6%
Since filing
+19.1%
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:
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.
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