Acquisition of Beowulf E&D
Company: TeraWulf
The claim, verbatim
TeraWulf acquired 100% of the membership interests of Beowulf Electricity & Data LLC and its affiliates for total consideration of approximately $52.4 million, consisting of $3 million in cash and 5 million TeraWulf shares issued at closing.
Source (primary)
terawulf 8-K exhibit (wulfbedpressrelease05-27.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-14)Live source ↗
Quote: “The total consideration for the transaction is approximately $52.4 million, consisting of $3 million in cash and 5 million shares of TeraWulf common stock issued at closing.”
How we checked this
Checked on October 16, 2026. The cited source supports every part of this claim.
The press release states the 100% acquisition and the $52.4 million consideration of $3 million cash plus 5 million shares issued at closing.
Confirmed in the source:
- TeraWulf acquired 100% of the membership interests of Beowulf Electricity & Data LLC and its affiliates
- Total consideration was approximately $52.4 million
- Consideration consisted of $3 million in cash
- Consideration included 5 million shares of TeraWulf common stock issued at closing
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330125000041/wulfbedpressrelease05-27.htm) in full (7,724 characters, retrieved October 14, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (wulfbedpressrelease05-27.htm)
Quote: “The total consideration for the transaction is approximately $52.4 million, consisting of $3 million in cash and 5 million shares of TeraWulf common stock issued at closing.”