TeraWulf reports preliminary Q1 rev $30-35M, launches $800M stock offering, secures $250M credit facility

TERAWULF INC.

Preliminary Q1 2026 revenue $30-35M, adjusted EBITDA $0-3M; >50% of revenue from HPC hosting.
Announces $800M common stock offering (plus $120M underwriter option) to fund Kentucky data center and repay debt.
Received allocations for a $250M senior secured revolving credit facility, maturing April 2030, to enhance liquidity.
Cash and equivalents $3.1B, total debt $5.8B as of March 31, 2026; convertible notes $2.5B, senior secured notes $3.2B.
Morgan Stanley lead bookrunner for offering and administrative agent for the credit facility.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TERAWULF INC. reported preliminary financial results for first quarter ended March 31, 2026.

Period: first quarter ended March 31, 2026
Result: preliminary results

Exact text from the filing

On April 14, 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) issued a press release announcing its preliminary financial results for the first quarter ended March 31, 2026.

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TERAWULF INC. filing history →

Source: SEC EDGAR

accession 0001104659-26-043279

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