Debt structure and cash
Company: TeraWulf
The claim, verbatim
Total debt is $5.8B ($2.5B convertible notes at TeraWulf, $3.2B senior secured notes at WULF Compute, $0.1B bridge credit facility at Kentucky subsidiary) against $3.1B cash, for $2.7B net debt.
Source (primary)
Q1 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “total debt of $5.8 billion (comprising $2.5 billion of Convertible Notes at TeraWulf, $3.2 billion of Senior Secured Notes at WULF Compute, and $0.1 Billion of Bridge Credit Facility at Kentucky subsidiary) less $3.1 billion of cash”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
The net debt footnote and the Q1 2026 snapshot give every one of these figures.
Confirmed in the source:
- Total debt is $5.8B
- $2.5B of convertible notes at TeraWulf
- $3.2B of senior secured notes at WULF Compute
- $0.1B bridge credit facility at the Kentucky subsidiary
- $3.1B of cash, cash equivalents and restricted cash
- Net debt is $2.7B
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23490/pdf/TeraWulf+Q1+2026+Investor+Presentation+%28May+2026%29.pdf) in full (27,753 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q1 2026 Earnings Update Presentation
Quote: “total debt of $5.8 billion (comprising $2.5 billion of Convertible Notes at TeraWulf, $3.2 billion of Senior Secured Notes at WULF Compute, and $0.1 Billion of Bridge Credit Facility at Kentucky subsidiary) less $3.1 billion of cash”