TeraWulf closes $1.004B public offering of 54.51M shares at $19.00 to fund data center construction

TERAWULF INC.

Sold 54.51M shares at $19.00; net proceeds ~$1,004.3M after underwriting discounts and expenses.
Full exercise of underwriters' 30-day option for additional 7.11M shares.
Proceeds to fund Hawesville, KY data center campus, repay bridge credit facility, site acquisitions, and general purposes.
Morgan Stanley lead bookrunner; BofA, Citi, TD Cowen, Wells Fargo as joint bookrunners.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

TERAWULF INC. entered into Underwriting Agreement with Morgan Stanley & Co. LLC valued at 47,400,000 shares of Common Stock at $19.00 per share; net proceeds approx. $1,004.3 million (effective 2026-04-14).

Action: entry
Agreement: underwriting
Counterparty: Morgan Stanley & Co. LLC
Value: 47,400,000 shares of Common Stock at $19.00 per share; net proceeds approx. $1,004.3 million
Effective: 2026-04-14

Exact text from the filing

On April 14 , 2026, TeraWulf Inc. (“TeraWulf” or the “Company”) entered into an underwriting agreement (the “Underwriting Agreement”) with Morgan Stanley & Co. LLC, as representative of the several underwriters named therein (the “Underwriters”), pursuant to which the Company agreed to sell 47,400,000 shares of the Company’s common stock, par value $0.001 per share (“Common Stock”), at a public offering price of $ 19.00 per share (the “Offering”).

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269 material agreements filed in the last 30 days. Browse all material agreements →

TERAWULF INC. filing history →

Source: SEC EDGAR

accession 0001104659-26-044387

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