---
schema_version: "secwatch.filing_event.v1"
accession: "0001083301-23-000059"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2023-11-22T23:59:59+00:00"
generated_at: "2026-06-07T22:04:16.955586+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# TeraWulf restates Q1–Q3 2023 cash flows; cites material weakness in internal controls

## Summary
- Error: payments of contingent value rights liability misclassified as investing instead of financing activity.
- Restatement limited to unaudited interim consolidated statements of cash flows; no impact on balance sheet, income, or equity.
- Material weakness identified: inadequate review controls over cash flow classification for business combination payments.
- Management implementing remediation including additional review procedures; details to be provided in Form 10-Q/A.

## SEC filing metadata
- accession: 0001083301-23-000059
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2023-11-22T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000108330123000059/0001083301-23-000059-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000108330123000059/wulf-20231121.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001083301-23-000059
- JSON: https://secwatch.observer/filing/0001083301-23-000059.json
- Plain text: https://secwatch.observer/filing/0001083301-23-000059.txt

## Key facts
- Auditor Changes
  TERAWULF INC. reported that prior financial statements should not be relied upon.
  - Action: non reliance
  - Auditor: RSM US LLP
  source text: concluded that the Company’s previously issued unaudited interim financial statements in the quarterly reports for the periods ended March 31, 2023, June 30, 2023 and September 30, 2023 (the “ Relevant Periods ”) should no longer be relied upon
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000108330123000059/0001083301-23-000059-index.htm

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