Use of convertible note proceeds
Company: TeraWulf
The claim, verbatim
Net proceeds are intended to fund capped call transactions, with the remainder used to finance part of the company's data center expansion and for general corporate purposes.
Source (primary)
terawulf 8-K exhibit (tm2523651d1_ex99-1.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-06)Live source ↗
Quote: “The Company intends to use the net proceeds from the offering to pay the cost of the capped call transactions (as described below) with the remaining net proceeds used to finance a portion of the Company’s data center expansion and for general corporate purposes.”
How we checked this
Checked on October 7, 2026. The cited source supports every part of this claim.
The release states this intended use of proceeds directly.
Confirmed in the source:
- Net proceeds are intended to pay the cost of capped call transactions
- Remaining net proceeds are intended to finance a portion of the company's data center expansion and for general corporate purposes
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000110465925079466/tm2523651d1_ex99-1.htm) in full (10,920 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (tm2523651d1_ex99-1.htm)
Quote: “The Company intends to use the net proceeds from the offering to pay the cost of the capped call transactions (as described below) with the remaining net proceeds used to finance a portion of the Company’s data center expansion and for general corporate purposes.”