---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-079960"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2025-08-19T23:59:59+00:00"
generated_at: "2026-05-17T11:20:00.419781+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TeraWulf upsizes and prices $850M 1% Convertible Senior Notes due 2031 for data center expansion

## Summary
- $850M aggregate principal amount, 1.00% interest, semi-annual, matures Sept 1, 2031.
- Initial conversion price ~$12.43/share (32.5% premium to Aug 18 closing price of $9.38).
- Initial purchasers have 13-day option to buy up to an additional $150M in notes.
- Net proceeds ~$828.7M (or ~$975.2M if option exercised); $85.5M for capped call transactions, remainder for data center expansion and general corporate purposes.
- Offering expected to close Aug 20, 2025; capped call transactions with cap price of $18.76/share (100% premium).

## SEC filing metadata
- accession: 0001104659-25-079960
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2025-08-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000110465925079960/0001104659-25-079960-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000110465925079960/tm2523651d4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-079960
- JSON: https://secwatch.observer/filing/0001104659-25-079960.json
- Plain text: https://secwatch.observer/filing/0001104659-25-079960.txt

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