Term Loan debt financing closed December 1, 2021
Company: TeraWulf
The claim, verbatim
TeraWulf closed Term Loan financing of $123.5 million at 11.5% interest with quarterly payments
Source (primary)
TeraWulf 10-K filed 2022-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company's term loan financing in the principal amount of $123.5 million, which was closed on December 1, 2021 (the "Term Loan"). The Term Loans bear an interest rate of 11.5%, which interest payments are due quarterly in arrears.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The 10-K's MD&A states the $123.5 million term loan closed December 1, 2021, bears 11.5% interest, and interest is paid quarterly in arrears.
Confirmed in the source:
- TeraWulf's term loan had a principal amount of $123.5 million
- The term loan closed on December 1, 2021
- The term loan bears an interest rate of 11.5%
- Interest payments are due quarterly in arrears
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465922041168/wulf-20211231x10k.htm) in full (353,283 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2022-03-31
Quote: “the Company's term loan financing in the principal amount of $123.5 million, which was closed on December 1, 2021 (the "Term Loan"). The Term Loans bear an interest rate of 11.5%, which interest payments are due quarterly in arrears.”