Convertible notes offering (~$400M)
Company: TeraWulf
The claim, verbatim
TeraWulf's capital plan includes a convertible notes offering with estimated gross proceeds of approximately $400 million.
Source (primary)
terawulf 8-K exhibit (tm2523651d1_ex99-2.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “Convertible Offering ... 1) Estimated gross proceeds.”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The capital allocation slide lists a Convertible Offering bar of $400, footnoted as estimated gross proceeds. Its amounts reconcile to the slide's total in millions.
Confirmed in the source:
- TeraWulf's capital plan includes a convertible offering
- The convertible offering is shown at approximately $400 million
- The $400 million figure is footnoted as estimated gross proceeds
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925079466/tm2523651d1_ex99-2.htm) in full (2,470 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523651d1_ex99-2.htm)
Quote: “Convertible Offering ... 1) Estimated gross proceeds.”