TeraWulf enters $500M delayed-draw bridge facility for Hawesville data center buildout

TERAWULF INC.

364-day $500M senior secured bridge facility; proceeds to fund construction and development of Hawesville, KY data center.
Interest at SOFR + 2.75% per annum (or base rate + 1.75%), at borrower's option.
Minimum liquidity covenant: TeraWulf and Borrower must maintain $100M liquidity including facility proceeds.
Facility provided by lenders with Morgan Stanley Senior Funding as administrative agent.
Consolidating schedules for WULF Compute and subsidiaries furnished as Exhibit 99.1 per note indenture requirements.

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