TeraWulf $2.5B convertible notes
Company: TeraWulf
The claim, verbatim
TeraWulf has $2.5B of convertible notes outstanding at the parent level.
Source (primary)
Q4 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “$2.5B Convertible Notes @ TeraWulf”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The Q4 financial snapshot lists '$2.5B Convertible Notes @ TeraWulf' as part of total debt. It lists the senior secured notes separately at WULF Compute.
Confirmed in the source:
- TeraWulf has $2.5 billion of convertible notes
- The convertible notes sit at the TeraWulf parent level, as distinct from the senior secured notes at the WULF Compute subsidiary
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: “$2.5B Convertible Notes @ TeraWulf”
confirms Q4 Earnings Update Presentation
Quote: “$2.5B Convertible Notes @ TeraWulf”