Intended use of Series A offering proceeds
Company: TeraWulf
The claim, verbatim
Company will use proceeds for general corporate purposes, including infrastructure buildout and purchasing bitcoin miners
Source (primary)
TeraWulf 8-K filed 2022-03-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Company will use the proceeds from the sale of the Preferred Shares for general corporate purposes, including infrastructure buildout and purchasing bitcoin miners.”
How we checked this
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states proceeds will be used for general corporate purposes, including infrastructure buildout and purchasing bitcoin miners.
Confirmed in the source:
- The Company will use proceeds for general corporate purposes
- Uses include infrastructure buildout and purchasing bitcoin miners
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465922034249/tm222878d9_8k.htm) in full (12,246 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2022-03-16
Quote: “The Company will use the proceeds from the sale of the Preferred Shares for general corporate purposes, including infrastructure buildout and purchasing bitcoin miners.”