Use of proceeds: $85.5M capped call, rest data center expansion
Company: TeraWulf
The claim, verbatim
About $85.5 million of net proceeds will fund the capped call transactions, with the remainder used to finance a portion of data center expansion and general corporate purposes.
Source (primary)
terawulf 8-K exhibit (tm2523651d4_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-05)Live source ↗
Quote: “intends to use approximately $85.5 million of the net proceeds from the offering to pay the cost of the capped call transactions (as described below) with the remaining net proceeds to be used to finance a portion of the Company’s data center expansion and for general corporate purposes”
How we checked this
Checked on October 6, 2026. The cited source supports every part of this claim.
The release states the $85.5 million capped call cost and the use of the remainder for data center expansion and general corporate purposes.
Confirmed in the source:
- About $85.5 million of net proceeds will pay for the capped call transactions
- The remaining net proceeds will finance a portion of data center expansion
- The remaining net proceeds will also go to general corporate purposes
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925079960/tm2523651d4_ex99-1.htm) in full (13,479 characters, retrieved October 5, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523651d4_ex99-1.htm)
Quote: “intends to use approximately $85.5 million of the net proceeds from the offering to pay the cost of the capped call transactions (as described below) with the remaining net proceeds to be used to finance a portion of the Company’s data center expansion and for general corporate purposes”