Debt principal amortization suspension
Company: TeraWulf
What the later record shows
Not a promise: a reported event · happened March 1, 2023
The amendment removing fixed amortization was the Fifth Amendment, entered on March 1, 2023, before the claim was made. The 10-K for 2023 confirms the relief ran through April 7, 2024 and was later extended through maturity.
“On March 1, 2023, the Company entered into the Fifth Amendment. The Fifth Amendment eliminates mandatory amortization of the term loans under the LGSA through April 7, 2024”
2023-05-14 · TeraWulf 10-Q filed 2023-05-15 View cached copy (2026-09-13)Live source ↗
“the Company amended its long-term debt agreement (see Note 9) to, among other changes, remove the fixed principal amortization through April 7, 2024 and, subsequent to December 31, 2023, through maturity on December 1, 2024”
2024-03-19 · TeraWulf 10-K filed 2024-03-20 View cached copy (2026-09-13)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The Company amended its long-term debt agreement to remove fixed principal amortization through April 7, 2024
Source (primary)
TeraWulf 10-Q filed 2023-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “remove the fixed principal amortization through April 7, 2024 and, potentially, beyond”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-Q states the Company amended its long-term debt agreement to remove the fixed principal amortization through April 7, 2024. Note 9 adds that the Fifth Amendment of March 1, 2023 eliminated mandatory amortization through that date.
Confirmed in the source:
- TeraWulf amended its long-term debt agreement
- The amendment removed fixed principal amortization through April 7, 2024
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000155837023014682/wulf-20230630x10q.htm) in full (253,748 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-Q filed 2023-08-14
Quote: “remove the fixed principal amortization through April 7, 2024 and, potentially, beyond”