$1.025 billion convertible notes offering
Company: TeraWulf
The claim, verbatim
TeraWulf completed an offering of $1.025 billion aggregate principal amount of 0.00% Convertible Senior Notes due 2032, with net proceeds of approximately $999.7 million after deducting fees and expenses
Source (primary)
terawulf 8-K exhibit (tm2529894d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-09-27)Live source ↗
Quote: “completed its previously announced offering of 0.00% Convertible Senior Notes due 2032...The aggregate principal amount of notes sold in the offering was $1.025 billion...The net proceeds from the sale of the Convertible Notes were approximately $999.7 million after deducting the initial purchasers' discounts and commissions and estimated offering expenses”
How we checked this
Checked on September 29, 2026. The cited source supports every part of this claim.
TeraWulf's October 31, 2025 press release states that it completed the $1.025 billion 0.00% convertible notes offering due 2032 and received net proceeds of about $999.7 million after fees and expenses.
Confirmed in the source:
- TeraWulf completed an offering of 0.00% Convertible Senior Notes due 2032
- The aggregate principal amount of notes sold was $1.025 billion
- Net proceeds were approximately $999.7 million after deducting the initial purchasers' discounts and commissions and estimated offering expenses
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925104928/tm2529894d1_ex99-1.htm) in full (5,311 characters, retrieved September 27, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2529894d1_ex99-1.htm)
Quote: “completed its previously announced offering of 0.00% Convertible Senior Notes due 2032...The aggregate principal amount of notes sold in the offering was $1.025 billion...The net proceeds from the sale of the Convertible Notes were approximately $999.7 million after deducting the initial purchasers' discounts and commissions and estimated offering expenses”