secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2025-01-03T23:59:59+00:00
Accession:  0001083301-25-000004
Event type: other_material
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TeraWulf signs $1B+ HPC hosting deal with Core42; Dec self-mined 158 BTC
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- Secured HPC data center leases with Core42 for >70 MW; revenue >$1B over 10-yr term; Core42 holds option for additional 135 MW in early 2026.
- December 2024 self-mined 158 bitcoin; YTD total 2,728; Q4 2024 total 423; avg daily production ~5.1 BTC.
- Installed self-mining capacity 9.7 EH/s (94% YoY increase); avg operating hash rate 8.4 EH/s in Dec.
- Avg power cost $62,805/BTC (~$0.078/kWh); construction of 50 MW MB-5 on schedule for mid-Q1 2025.
- Evaluating strategic site acquisitions beyond Lake Mariner's 750 MW potential to extend footprint.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000108330125000004/0001083301-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000108330125000004/wulf-20250103.htm
  HTML page:      https://secwatch.observer/filing/0001083301-25-000004

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer