New convertible promissory note
Company: TeraWulf
- Subject kind
- financing
- Statement date
- 2023-03-30
- Promised amount
- 1.25 USD million
- Event date
- 2025-04-01
- Current status
- stated
What the later record shows
Not a promise: a reported event
The claim reports that the note had already been entered into when it was said in March 2023; the exact issue date is not given. No passage covers repayment or conversion by the April 1, 2025 maturity.
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 issued convertible promissory note of $1.25 million principal with 4% annual interest and April 1, 2025 maturity
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company entered into a new convertible promissory note...in an aggregate principal amount of $1.25 million. The New Convertible Promissory Note has a maturity date of April 1, 2025 and accrues annual interest at a rate of 4%”
How we checked this
Attempted on October 11, 2026. We could not read enough of the cited source to check this claim.
The available text is a truncated portion of the filing and does not contain the passage describing this note. The claim therefore cannot be judged from what was provided.
We could not confirm this from the cited source:
- The Company issued a new convertible promissory note with $1.25 million principal
- The note accrues interest at 4% annually
- The note matures on April 1, 2025
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.
Additional evidence
confirms TeraWulf 10-K filed 2023-03-31
Quote: “the Company entered into a new convertible promissory note...in an aggregate principal amount of $1.25 million. The New Convertible Promissory Note has a maturity date of April 1, 2025 and accrues annual interest at a rate of 4%”
View cached copy (2026-09-13)Live source ↗
Record of changes
September 13, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
September 14, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 9, 2026 — outcome unconfirmed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 9, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
