February 2023 public equity offering

Checked on September 21, 2026. The cited source does not support this claim.

The provided portion of the document does not describe the February 2023 underwritten public offering, its 36,764,706 share count, or the $26.56 million net proceeds; the $0.68 price appears only for a separate private placement.

We could not confirm this from the cited source:

• TeraWulf completed an underwritten public offering of 36,764,706 shares of common stock
• The public offering price was $0.68 per share
• The offering yielded approximately $26.56 million in aggregate net proceeds

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

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.