TeraWulf appoints two independent directors, amends Bitmain miner purchase agreement
TERAWULF INC.
Appointed Christopher Jarvis (cybersecurity, Lockheed Martin) and Amanda Fabiano (Bitcoin mining advisor, ex-Galaxy Digital) to board, effective Jan 12, 2024.
Board now has ten directors, six independent; Jason New resigned as director.
Entered Supplemental Agreement II with Bitmain: updated payment/delivery schedule for 15,138 S19j XP miners, plus option for 3,362 if payment obligations met.
Supplemental Agreement II replaces Dec 26, 2023 agreement; miner purchase price unchanged.
Material AgreementsSEC 8-K Item 1.01/1.02confidence 0.9
TERAWULF INC. entered into Supplemental Agreement II with Bitmain Technologies Delaware Limited (effective 2024-01-08).
Action
entry
Counterparty
Bitmain Technologies Delaware Limited
Effective
2024-01-08
Exact text from the filing
On January 8, 2024, TeraLease LLC (“ TeraLease ”), a subsidiary of TeraWulf Inc. (“ TeraWulf ” or the “ Company ”) entered into a supplemental agreement II (the “ Supplemental Agreement II ”) with Bitmain Technologies Delaware Limited (“ Bitmain ”).
Material AgreementsSEC 8-K Item 1.01/1.02confidence 0.7
TERAWULF INC. terminated Supplemental Agreement with Bitmain Technologies Delaware Limited (effective 2024-01-08).
Action
termination
Counterparty
Bitmain Technologies Delaware Limited
Effective
2024-01-08
Exact text from the filing
The Supplemental Agreement II supersedes and entirely replaces the prior Supplemental Agreement between TeraWulf and Bitmain, dated as of December 26, 2023
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