---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-099345"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2025-10-14T23:59:59+00:00"
generated_at: "2026-05-17T03:50:52.909697+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-099345
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2025-10-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000110465925099345/0001104659-25-099345-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000110465925099345/tm2528711d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-099345
- JSON: https://secwatch.observer/filing/0001104659-25-099345.json
- Plain text: https://secwatch.observer/filing/0001104659-25-099345.txt

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