TeraWulf subsidiary intends to offer $3.2B senior secured notes due 2030

TERAWULF INC.

WULF Compute LLC plans $3.2 billion aggregate principal of senior secured notes due 2030.
Updated risk factors cite Lake Mariner expansion, customer concentration, and tariff exposure.
The notes are part of funding for HPC data center growth; no interest rate or use of proceeds specified.
Google backstop for Fluidstack leases only effective after lease commencement and subject to certain defaults.
Construction delays, power constraints, and AI model efficiency changes listed as key risks.

item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.