TeraWulf subsidiary Flash Compute upsizes notes offering to $1.3B at 7.25%, due 2030

TERAWULF INC.

Flash Compute upsized its senior secured notes offering from $1.275B to $1.3B aggregate principal.
Notes priced at 7.250% of face value, due 2030; private offering under Rule 144A and Regulation S.
Closing expected December 29, 2025, subject to market and other conditions.
Flash Compute is 50.1% owned by TeraWulf subsidiary Big Country Wulf LLC; 49.9% by Fluidstack CS I Inc.

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