$1.025B 0% 2032 convertible notes
Company: TeraWulf
The claim, verbatim
TeraWulf issued $1.025 billion of 0% convertible notes due 2032 in October 2025.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “$1.025 billion 0% 2032 convertible notes issued in October”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
TeraWulf's Q3 2025 investor update, dated November 10, 2025, says cash was supplemented by $1.025 billion of 0% 2032 convertible notes issued in October. Its capitalization table also lists 2032 convertible notes with $1,025M principal.
Confirmed in the source:
- TeraWulf issued convertible notes with a principal amount of $1.025 billion
- The convertible notes carry a 0% coupon
- The convertible notes are due in 2032
- The notes were issued in October 2025, per the Q3 2025 update dated November 10, 2025
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23306/pdf/WULF_Q3_2025_Investor_Update_%28Nov_2025%29vF.pdf) in full (31,442 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “$1.025 billion 0% 2032 convertible notes issued in October”