Highest-materiality recent filing
TeraWulf signs 20-yr Anthropic lease for $19B revenue; sells Abernathy stake for $530M
20-year lease with Anthropic for 401 MW critical IT load at Justified Data Campus in Hawesville, KY; expected to generate ~$19B in contracted revenue over initial term.
TeraWulf acquires 1+ GW hyperscale AI/HPC campus in Eastern Kentucky (Muskie Data Campus)
Acquired 285-acre Muskie Data Campus in Eastern Kentucky from Industrial Equity Partners; closed May 22, 2026.
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.
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 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 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 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.
TeraWulf Q1 revenue $34.4M (-19% YoY), net loss $61.4M, adjusted EBITDA -$4.7M
Self-mined 372 bitcoin vs 1,051 in Q1 2024; power cost per bitcoin surged to $66,084 from $15,501.
Full year 2024 revenue $140.1M (+102% YoY); non-GAAP adjusted EBITDA $60.4M (+89% YoY).
TeraWulf signs $1B+ HPC hosting deal with Core42; Dec self-mined 158 BTC
Secured HPC data center leases with Core42 for >70 MW; revenue >$1B over 10-yr term; Core42 holds option for additional 135 MW in early 2026.
TeraWulf to deliver over 70 MW of data center infrastructure for Core42 (G42) US operations
Partnership with Core42, a G42 company, for sovereign cloud and AI infrastructure.
TeraWulf signs long-term data center lease with Core42 for >70 MW AI infrastructure
Lease agreements with Core42 for over 70 MW of turn-key data center infrastructure at Lake Mariner facility.
TeraWulf self-mined 115 Bitcoin in Nov; 8.4 EH/s hash rate, 68% YoY increase
Self-mined 115 Bitcoin in November 2024; average daily production ~3.8 BTC.
Q3 revenue $27.1M (+42.8% YoY); non-GAAP adjusted EBITDA $6.0M (-33.6% YoY).
TeraWulf mined 150 bitcoin in Oct; HPC hosting capacity target 72.5 MW by Q2 2025
Self-mined 150 bitcoin in Oct (avg 4.8/day); power cost $36,789/bitcoin.
TeraWulf closes $500M 2.75% convertible notes offering, repurchases $115M of stock
Net proceeds ~$487.1M; $60M for capped calls, $115M for share repurchase (17.97M shares at $6.40), remainder for general corporate including HPC infrastructure expansion.
TeraWulf prices $425M 2.75% convertible notes due 2030, repurchases $115M stock
$425M aggregate principal amount of 2.75% Convertible Senior Notes due 2030; conversion premium 32.5% (initial conversion price ~$8.48/share based on $6.40 close).
TeraWulf authorizes $200M buyback and plans $350M convertible note offering
Board approved up to $200M share repurchase through Dec 31, 2025, using excess cash after HPC/AI capex.
TeraWulf signs 35-year ground lease at Lake Mariner, expanding to 157 acres, 750 MW capacity
New lease replaces original 2021 lease; term of 35 years plus 45-year extension option.
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.
On November 19, 2024, the Board of Directors of TeraWulf Inc. (“TeraWulf” or the “Company”) appointed Sean Farrell as Chief Operating Officer of the Company.
Nazar Khan, the Company’s Chief Technology Officer and Chief Operating Officer, resigned from his role as Chief Operating Officer to focus exclusively on his responsibilities as Chief Technology Officer.
Christopher Allen Jarvis and Amanda Fabiano were appointed to TeraWulf’s board of directors (the “ Board ”), effective immediately.
Christopher Allen Jarvis and Amanda Fabiano were appointed to TeraWulf’s board of directors (the “ Board ”), effective immediately.
On December 29, 2023, Mr. Jason G. New notified TeraWulf of his resignation from his position as a member of the Company’s board of directors and all of its committees, effective December 31, 2023.
On March 4, 2022, TeraWulf Inc. (the “Company”) appointed Michael Bucella and Kerri Langlais to its board of directors (the “Board”).
On March 4, 2022, TeraWulf Inc. (the “Company”) appointed Michael Bucella and Kerri Langlais to its board of directors (the “Board”).
each of Mr. Paul B. Prager, Mr. Nazar M. Khan, Mr. Walter E. Carter, Ms. Catherine J. Motz, Mr. Jason G. New, Mr. Steven T. Pincus and Ms. Lisa A. Prager were appointed to serve as directors on the board of directors of TeraWulf.
each of Mr. Paul B. Prager, Mr. Nazar M. Khan, Mr. Walter E. Carter, Ms. Catherine J. Motz, Mr. Jason G. New, Mr. Steven T. Pincus and Ms. Lisa A. Prager were appointed to serve as directors on the board of directors of TeraWulf.
(ii) Mr. Kenneth J. Deane to serve as the Chief Financial Officer and Treasurer
Max materiality 0.95 · Median 0.75 · Most common event other_material