Planned use of convertible notes proceeds
Company: TeraWulf
The claim, verbatim
TeraWulf expects to use $60 million of net proceeds for the capped call cost, $115 million for share repurchases, and the remainder for general corporate purposes, which may include working capital, strategic acquisitions, HPC data center infrastructure expansion and expansion of existing assets.
Source (primary)
terawulf 8-K exhibit (eh240549125_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-25)Live source ↗
Quote: “The Company expects to use $60 million of the net proceeds to pay the cost of the capped call transactions, $115 million to repurchase shares of its common stock and the remainder for general corporate purposes, which may include working capital, strategic acquisitions, expansion of data center infrastructure to support high-performance computing activities and expansion of existing assets.”
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 (eh240549125_ex9901.htm)
Quote: “The Company expects to use $60 million of the net proceeds to pay the cost of the capped call transactions, $115 million to repurchase shares of its common stock and the remainder for general corporate purposes, which may include working capital, strategic acquisitions, expansion of data center infrastructure to support high-performance computing activities and expansion of existing assets.”