Long-term debt agreement modification
Company: TeraWulf
What the later record shows
Delivered on time · happened February 29, 2024
The removal of fixed amortization through April 7, 2024 took effect. The 'potentially beyond' part also happened: it was extended through the December 1, 2024 maturity after the February 2024 repayment of $40 million.
“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 ↗
“In February 2024, the Company achieved aggregate repayment of $ 40.0 million of the principal balance of the Term Loans, thereby automatically extending the excess cash flow sweep to 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
Company amended long-term debt agreement to remove fixed principal amortization through April 7, 2024 and potentially beyond
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company amended its long-term debt agreement (see Notes 9 and 18) to, among other changes, 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-K states that the debt agreement was amended to remove fixed principal amortization through April 7, 2024 and possibly beyond.
Confirmed in the source:
- The Company amended its long-term debt agreement
- The amendment removed fixed principal amortization through April 7, 2024
- The relief could potentially extend beyond that date
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: “the Company amended its long-term debt agreement (see Notes 9 and 18) to, among other changes, remove the fixed principal amortization through April 7, 2024 and, potentially, beyond”
confirms TeraWulf 10-K filed 2024-03-20
Quote: “remove the fixed principal amortization through April 7, 2024 and, subsequent to December 31, 2023, through maturity on December 1, 2024”