---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-044387"
form_type: "8-K"
ticker: "WULF"
cik: "0001083301"
company_name: "TERAWULF INC."
filed_at: "2026-04-16T23:59:59+00:00"
generated_at: "2026-05-15T05:42:03.076727+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-044387
- form_type: 8-K
- ticker: WULF
- cik: 0001083301
- company_name: TERAWULF INC.
- filed_at: 2026-04-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1083301/000110465926044387/0001104659-26-044387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1083301/000110465926044387/tm2611661d9_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-044387
- JSON: https://secwatch.observer/filing/0001104659-26-044387.json
- Plain text: https://secwatch.observer/filing/0001104659-26-044387.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1083301/000110465926044387/0001104659-26-044387-index.htm

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