Use of remaining proceeds for data center expansion
Company: TeraWulf
The claim, verbatim
The remaining net proceeds, about $874.6 million after the capped call cost, are allocated to data center expansion and general corporate purposes.
Source (primary)
terawulf 8-K exhibit (tm2523651d6_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-05)Live source ↗
Quote: “with the remaining net proceeds allocated to the Company’s data center expansion and general corporate purposes”
How we checked this
Checked on October 6, 2026. The cited source supports part of this claim, but not all of it.
The release confirms that the remaining proceeds went to data center expansion and general corporate purposes. It never states the $874.6 million figure, which is only derived by subtracting the capped call cost from approximate net proceeds.
Confirmed in the source:
- TeraWulf allocated the remaining net proceeds, after the capped call cost, to data center expansion and general corporate purposes
We could not confirm this from the cited source:
- The remaining net proceeds were about $874.6 million (the release does not state this figure; it is calculated as $975.2 million minus $100.6 million)
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 (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925081886/tm2523651d6_ex99-1.htm) in full (5,219 characters, retrieved October 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523651d6_ex99-1.htm)
Quote: “with the remaining net proceeds allocated to the Company’s data center expansion and general corporate purposes”