Highest-materiality recent filing
TeraWulf Q1 2026 revenue $34M, HPC lease revenue $21M; 60 MW HPC capacity operational
Q1 2026 revenue of $34.0M including $21.0M from HPC leases; cash & restricted cash ~$3.1B.
TeraWulf closes $1.004B public offering of 54.51M shares at $19.00 to fund data center construction
Sold 54.51M shares at $19.00; net proceeds ~$1,004.3M after underwriting discounts and expenses.
TeraWulf prices upsized $900M common stock offering at $19.00 per share
Priced 47.4M shares at $19.00/share for gross proceeds of ~$900M, upsized from $800M.
Preliminary Q1 2026 revenue $30-35M, adjusted EBITDA $0-3M; >50% of revenue from HPC hosting.
TeraWulf enters $500M delayed-draw bridge facility for Hawesville data center buildout
364-day $500M senior secured bridge facility; proceeds to fund construction and development of Hawesville, KY data center.
TeraWulf FY2025 revenue $168.5M; adj. EBITDA loss $23.1M; 522 MW HPC contracted
Full year 2025 revenue $168.5M, non-GAAP adjusted EBITDA $(23.1)M; cash $3.72B as of Dec 31, 2025.
TeraWulf acquires two sites adding 1.5 GW capacity, Kentucky and Maryland
Hawesville, KY site closed Feb 2: ~480 MW available power, 250 buildable acres, option exercised.
TeraWulf JV subsidiary issues $1.3B of 7.250% Senior Secured Notes due 2030 for HPC campus
Flash Compute LLC issued $1.3B aggregate principal amount of 7.250% notes at 100% of par; semi-annual interest, maturity Dec 31, 2030.
TeraWulf subsidiary Flash Compute announces $1.275B senior secured notes offering due 2030
Flash Compute LLC, a 50.1% TeraWulf subsidiary, plans $1.275B senior secured notes due 2030.
Flash Compute, a JV owned 50.1% by TeraWulf and 49.9% by Fluidstack, is conducting investor meetings for an offering.
TeraWulf subsidiary Flash Compute upsizes notes offering to $1.3B at 7.25%, due 2030
Flash Compute upsized its senior secured notes offering from $1.275B to $1.3B aggregate principal.
TeraWulf forces conversion of Series A Preferred into common; effective Dec 9, 2025
Mandatory conversion of all Series A Convertible Preferred Stock into common on Dec 9, 2025; settlement Dec 11.
TeraWulf Q3 revenue $50.6M (+87% YoY); signs $17B+ in HPC leases, $5B+ in financings
Revenue $50.6M (+87% YoY) includes $7.2M initial HPC lease revenue; cost of revenue $17.1M.
Completed $1.025B 0.00% Convertible Senior Notes due 2032; net proceeds ~$999.7M after discounts and expenses.
TeraWulf upsizes and prices $900M 0.00% convertible notes due 2032; net proceeds ~$877.6M
Offering upsized to $900M principal; option for additional $125M.
TeraWulf announces proposed $500M convertible note offering due 2032
Offers $500M aggregate principal of convertible senior notes due 2032 in private placement.
TeraWulf forms $9.5B JV with Fluidstack for 168 MW AI compute; Q3 revenue up 84% YoY
JV to build 168 MW HPC campus in Abernathy, TX; TeraWulf owns 51%, total project cost $8-10M/MW.
TeraWulf subsidiary issues $3.2B of 7.750% senior secured notes due 2030 for data center expansion
Aggregate principal amount of notes issued is $3.2 billion at 100% of par.
TeraWulf subsidiary prices $3.2B 7.75% senior secured notes due 2030
WULF Compute LLC priced $3.2B aggregate principal of 7.750% senior secured notes due 2030 at par.
TeraWulf subsidiary proposes $3.2B senior secured notes offering due 2030
WULF Compute LLC to offer $3.2B senior secured notes due 2030 to qualified institutional buyers.
TeraWulf subsidiary intends to offer $3.2B senior secured notes due 2030
WULF Compute LLC plans $3.2 billion aggregate principal of senior secured notes due 2030.
TeraWulf releases investor slides; key details not extractable from filing
TeraWulf released selected slides from an investor presentation dated October 6, 2025.
TeraWulf shareholders approve increase of authorized shares from 600M to 950M
Special meeting held Sept 30, 2025; amendment to certificate of incorporation approved.
TeraWulf exercises greenshoe, ups convertible notes offering to $1.0B; net proceeds $975.2M
Initial purchasers fully exercised option for $150M additional notes; total principal now $1.0B.
TeraWulf closes $850M 1.00% convertible notes due 2031; funds data center buildout
Issued $850M principal of 1.00% Convertible Senior Notes due 2031; underwriters have option for $150M more.
TeraWulf upsizes and prices $850M 1% Convertible Senior Notes due 2031 for data center expansion
$850M aggregate principal amount, 1.00% interest, semi-annual, matures Sept 1, 2031.
TeraWulf signs 160 MW CB-5 lease with Fluidstack; Google backstop rises to $3.2B
CB-5 adds 160 MW critical IT load; total Fluidstack contracted capacity at Lake Mariner reaches ~360 MW.
TeraWulf announces $400M convertible senior notes offering due 2031 to fund expansion
$400M aggregate principal amount of convertible senior notes due 2031; option for additional $60M.
TeraWulf signs 200+ MW, 10-year HPC colocation deal with Fluidstack; ~$3.7B initial revenue, up to $8.7B with extensions.
TeraWulf enters 80-year lease for Cayuga site to expand HPC infrastructure
Lease covers 183 acres in Lansing, NY with up to 400 MW capacity, 138 MW expected in 2026.
TeraWulf Q2 revenue up 34% to $47.6M; HPC hosting begins in Q3 but bitcoin self-mined down 31%
Revenue $47.6M (+34% YoY); cost of revenue (excl dep) $22.1M (+59%); adjusted EBITDA $14.5M vs $19.5M.
TeraWulf appoints William Tanimoto as Chief Accounting Officer effective June 20, 2025
Kenneth Deane resigned as Chief Accounting Officer on May 23, 2025, effective June 20, 2025, to pursue new professional opportunities.
TeraWulf acquires Beowulf E&D for ~$52.4M, eliminates related-party structure
Total consideration ~$52.4M: $3M cash + 5M shares at close; up to $19M cash + $13M stock in earnouts.
On May 23, 2025, Kenneth Deane, the Company’s Chief Accounting Officer, resigned from his role effective June 20, 2025 to focus on new professional opportunities.
On May 29, 2025, the Board of Directors of TeraWulf Inc. (“TeraWulf” or the “Company”) appointed William Tanimoto as Chief Accounting Officer of the Company, effective June 20, 2025.
Max materiality 0.95 · Median 0.75 · Most common event debt