---
schema_version: "secwatch.filing_event.v1"
accession: "0000950142-24-002623"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T10:56:45.715467+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# TeraWulf authorizes $200M buyback and plans $350M convertible note offering

## Summary
- Board approved up to $200M share repurchase through Dec 31, 2025, using excess cash after HPC/AI capex.
- Company plans $350M private offering of convertible senior notes due 2030, with $75M greenshoe option.
- Net proceeds to fund capped call costs, share repurchases, and general corporate purposes.
- Convertible notes will be senior unsecured, interest payable semi-annually beginning May 1, 2025.
- Capped call transactions expected to reduce dilution upon conversion; notes not registered under Securities Act.

## SEC filing metadata
- accession: 0000950142-24-002623
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000095014224002623/0000950142-24-002623-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000095014224002623/eh240548166_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950142-24-002623
- JSON: https://secwatch.observer/filing/0000950142-24-002623.json
- Plain text: https://secwatch.observer/filing/0000950142-24-002623.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.