WULF Compute $3.2B senior secured notes
Company: TeraWulf
The claim, verbatim
WULF Compute is financed by $3.2B senior secured notes; capex spend remaining $2,377M as of Jan 31, 2026; funded through substantial completion.
Source (primary)
Q4 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “$3.2B Senior Secured Notes @ WULF Compute”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The Capital Structure slide, dated as of January 31, 2026 and titled 'Funded through substantial completion,' shows WULF Compute with $3,200 million of senior secured notes and $2,377 million of capex spend remaining.
Confirmed in the source:
- WULF Compute is financed by $3.2 billion (3,200 million) of senior secured notes
- WULF Compute capex spend remaining was $2,377 million as of January 31, 2026
- The capital structure is described as funded through substantial completion
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23307/pdf/TeraWulf_Q4_2025_Investor_Presentation_%28Feb_2026%29.pdf) in full (28,069 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q4 Earnings Update Presentation
Quote: “$3.2B Senior Secured Notes @ WULF Compute”
confirms Q4 Earnings Update Presentation
Quote: “$3.2B Senior Secured Notes @ WULF Compute”