---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-103923"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2025-10-30T23:59:59+00:00"
generated_at: "2026-05-17T01:13:42.295284+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# TeraWulf upsizes and prices $900M 0.00% convertible notes due 2032; net proceeds ~$877.6M

## Summary
- Offering upsized to $900M principal; option for additional $125M.
- 0.00% coupon, 37.5% conversion premium; initial conversion price ~$19.9375.
- Net proceeds ~$877.6M ($999.7M if greenshoe exercised).
- Proceeds to fund data center campus in Abernathy, TX and general corporate purposes.
- Expected close Oct 31, 2025.

## SEC filing metadata
- accession: 0001104659-25-103923
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000110465925103923/0001104659-25-103923-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000110465925103923/tm2529509d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-103923
- JSON: https://secwatch.observer/filing/0001104659-25-103923.json
- Plain text: https://secwatch.observer/filing/0001104659-25-103923.txt

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