Project financing to refinance Lake Mariner HPC equity
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
The passages show convertible note issuance and debt raised at Flash Compute LLC from October 2025. None of them ties that debt to project financing of the Core42 lease assets or to refinancing that equity.
Checked October 22, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf plans to project-finance the Core42 lease assets to replace its equity funding. It expects a single-digit cost of capital and a 10-15 year debt term. Work begins in Q1 2025, with execution likely mid-2025, with Morgan Stanley and JP Morgan as advisors.
Source (primary)
terawulf 8-K exhibit (eh240572111_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-22)Live source ↗
Quote: “we expect to begin working on that in Q1. But I think the execution of that will likely be mid-year”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms terawulf 8-K exhibit (eh240572111_ex9901.htm)
Quote: “we expect to begin working on that in Q1. But I think the execution of that will likely be mid-year”