{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-102858","form_type":"8-K","ticker":"WULF","cik":"0001083301","company_name":"TERAWULF INC.","filed_at":"2025-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.748710+00:00","generated_at":"2026-05-17T01:51:55.392114+00:00","sec_items":["1.01","2.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"TeraWulf forms $9.5B JV with Fluidstack for 168 MW AI compute; Q3 revenue up 84% YoY","bullets":["JV to build 168 MW HPC campus in Abernathy, TX; TeraWulf owns 51%, total project cost $8-10M/MW.","25-year lease yields ~$9.5B contracted revenue to JV; Google backstops $1.3B of lease obligations.","Preliminary Q3 2025 revenue $48-52M (+84% YoY); adjusted EBITDA $15-19M vs $6M in Q3 2024.","Exclusive right to partner on next ~168 MW Fluidstack-led project; platform now >510 MW contracted.","Growth strategy: targeting 250-500 MW additional contracted critical IT load per year."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-102858","json":"https://secwatch.observer/filing/0001104659-25-102858.json","markdown":"https://secwatch.observer/filing/0001104659-25-102858.md","text":"https://secwatch.observer/filing/0001104659-25-102858.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1083301/000110465925102858/0001104659-25-102858-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1083301/000110465925102858/tm2529509d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T01:51:55.392114+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}