{"schema_version":"secwatch.filing_event.v1","accession":"0001083301-22-000064","form_type":"8-K","ticker":"WULF","cik":"0001083301","company_name":"TERAWULF INC.","filed_at":"2022-12-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.550787+00:00","generated_at":"2026-06-21T05:56:11.293379+00:00","sec_items":["1.01","3.02","5.01","7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"TeraWulf increases Q1 2023 self-mining hash rate target to 5.0 EH/s, raises $10M to repay Yorkville debt","bullets":["Restructured Bitmain purchase: canceled Dec 2022 batch of ~3,000 S19 XP Pro for ~14,000 S19j Pro miners delivered Q1 2023 at no extra cost.","Self-mining target raised 23% to 44,450 owned miners (5.0 EH/s) vs prior 36,250 miners (4.3 EH/s); all-in cost to mine ~$6,300/coin.","Raised ~$10M capital: $6.7M registered direct offering of common stock + $3.4M convertible notes from largest shareholders.","Proceeds to repay Yorkville convertible promissory note in full and terminate the standby equity purchase agreement (SEPA).","CEO Paul Prager's ownership drops to 49.88% from 59.4%, so company no longer a 'controlled company'; will need majority independent board and committees."],"urls":{"canonical":"https://secwatch.observer/filing/0001083301-22-000064","json":"https://secwatch.observer/filing/0001083301-22-000064.json","markdown":"https://secwatch.observer/filing/0001083301-22-000064.md","text":"https://secwatch.observer/filing/0001083301-22-000064.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083301/000108330122000064/0001083301-22-000064-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083301/000108330122000064/wulf-20221212x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T05:56:11.293379+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2395c9518d9484968848f6229d3926444d147481","claim":"TERAWULF INC. entered into Subscription Agreements with certain accredited and institutional investors valued at aggregate purchase price of $6.74 million (effective 2022-12-12).","evidence_excerpt":"On December 12, 2022, TeraWulf Inc. (the “Company”) entered into subscription agreements with certain accredited and institutional investors (each, a “Purchaser” and collectively, the “Purchasers”) in privately negotiated transactions (the “Subscription Agreements”) pursuant to which the Company issued (i) 16,850,000 shares of common stock, par value $0.001 per share (the “Common Stock”) as part of a registered direct offering (the “Registered Direct Offering”), at a purchase price of $.40 per share of Common Stock, for an aggregate purchase price of $6.74 million before deducting any fees and other expenses","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1083301/000108330122000064/0001083301-22-000064-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"certain accredited and institutional investors"},{"label":"Value","value":"aggregate purchase price of $6.74 million"},{"label":"Effective","value":"2022-12-12"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}