TeraWulf prices upsized $900M common stock offering at $19.00 per share

TERAWULF INC.

Priced 47.4M shares at $19.00/share for gross proceeds of ~$900M, upsized from $800M.
Expected to close on April 16, 2026; underwriters granted 30-day option for additional 7.11M shares.
Proceeds to fund construction of Hawesville, KY data center, repay bridge credit facility, and for site acquisitions.
Morgan Stanley leads as bookrunning manager; Cantor Fitzgerald as equity capital markets advisor.

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