Beowulf E&D administrative services fee
Company: TeraWulf
The claim, verbatim
TeraWulf agreed to pay Beowulf E&D annual base fee of 8.46 million USD payable monthly, effective January 1 2023, until LGSA obligations repaid or refinanced
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “TeraWulf agreed to pay Beowulf E&D, effective as of January 1, 2023, a reduced annual base fee equal to $8.46 million payable in monthly installments, until all obligations under the Company's LGSA are either indefeasibly repaid in full or refinanced”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The 10-K states all elements of the $8.46 million fee arrangement, its effective date, and its duration.
Confirmed in the source:
- TeraWulf agreed to pay Beowulf E&D a reduced annual base fee of $8.46 million payable in monthly installments
- The fee is effective January 1, 2023
- The fee applies until all LGSA obligations are repaid in full or refinanced
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: “TeraWulf agreed to pay Beowulf E&D, effective as of January 1, 2023, a reduced annual base fee equal to $8.46 million payable in monthly installments, until all obligations under the Company's LGSA are either indefeasibly repaid in full or refinanced”