Beowulf E&D administrative and infrastructure services agreement
Company: TeraWulf
What the later record shows
Dropped · happened May 21, 2025
The services agreement was terminated on May 21, 2025, when TeraWulf acquired Beowulf E&D. That was before the five-year initial term ran out in April 2026.
“On the Closing Date, the Administrative and Infrastructure Services Agreement, by and between TeraWulf and Beowulf Electricity & Data Inc.”
2025-05-26 · TeraWulf 8-K filed 2025-05-27 View cached copy (2026-08-31)Live source ↗
“Acquisition of Beowulf Electricity & Data and Termination of Administrative and Infrastructure Services Agreement On May 21, 2025”
2026-04-27 · TeraWulf DEF 14A filed 2026-04-28 View cached copy (2026-08-31)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
TeraWulf entered into administrative and infrastructure services agreement with Beowulf E&D (owned by TeraWulf's CEO) with initial five-year term and automatic renewal for successive three-year terms.
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On April 27, 2021, Beowulf E&D, a company owned and controlled by TeraWulf's CEO, and TeraWulf entered into the administrative and infrastructure services agreement...The administrative and infrastructure services agreement has an initial term of five years and automatically renews for successive three-year terms”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K describes the agreement, the CEO's ownership of Beowulf E&D, and the five-year term with three-year automatic renewals.
Confirmed in the source:
- TeraWulf and Beowulf E&D entered into an administrative and infrastructure services agreement on April 27, 2021
- Beowulf E&D is owned and controlled by TeraWulf's CEO
- The agreement has an initial term of five years
- The agreement automatically renews for successive three-year terms unless terminated earlier
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000155837023005301/wulf-20221231x10k.htm) in full (569,235 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2023-03-31
Quote: “On April 27, 2021, Beowulf E&D, a company owned and controlled by TeraWulf's CEO, and TeraWulf entered into the administrative and infrastructure services agreement...The administrative and infrastructure services agreement has an initial term of five years and automatically renews for successive three-year terms”
abandons TeraWulf 8-K filed 2025-05-27
Quote: “On the Closing Date, the Administrative and Infrastructure Services Agreement, by and between TeraWulf and Beowulf Electricity & Data Inc.”
abandons TeraWulf DEF 14A filed 2026-04-28
Quote: “Acquisition of Beowulf Electricity & Data and Termination of Administrative and Infrastructure Services Agreement On May 21, 2025”