---
schema_version: "secwatch.filing_event.v1"
accession: "0001083301-22-000059"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2022-12-09T23:59:59+00:00"
generated_at: "2026-06-21T06:38:19.988988+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# TeraWulf subsidiary to acquire 14,000 Bitmain miners for $22.4M using existing deposits

## Summary
- Lake Mariner Data, a TeraWulf subsidiary, signed a future sales agreement with Bitmain for 14,000 S19j Pro miners.
- Total purchase price is $22.4M, to be satisfied with remaining unused deposits at Bitmain at no additional cost.
- Delivery of the miners is scheduled for Q1 2023; agreement includes standard closing conditions and termination rights.
- This acquisition expands TeraWulf's mining fleet without requiring new capital outlay.

## SEC filing metadata
- accession: 0001083301-22-000059
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2022-12-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000108330122000059/0001083301-22-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000108330122000059/wulf-20221208x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001083301-22-000059
- JSON: https://secwatch.observer/filing/0001083301-22-000059.json
- Plain text: https://secwatch.observer/filing/0001083301-22-000059.txt

## Key facts
- Material Agreements
  TERAWULF INC. entered into Agreement with Bitmain Development PTE. Ltd. valued at $22.4 million (effective 2022-12-08).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Bitmain Development PTE. Ltd.
  - Value: $22.4 million
  - Effective: 2022-12-08
  source text: On December 8, 2022, Lake Mariner Data LLC (“Lake Mariner”), a subsidiary of TeraWulf Inc. (the “Company”) entered into a future sales and purchase agreement (the “Agreement”) with Bitmain Development PTE. Ltd. (“Bitmain”). The Agreement provides that Lake Mariner will receive 14,000 S19j Pro miners from Bitmain for delivery in Q1 2023 for a total purchase price of $22.4 million, which the Company will pay for using its remaining unused deposits with Bitmain at no additional cost to the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000108330122000059/0001083301-22-000059-index.htm

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