Use of proceeds: capped calls, buyback, HPC expansion
Company: TeraWulf
The claim, verbatim
TeraWulf intends to use about $51 million of net proceeds for capped call costs and $115 million for share repurchases. It intends to use the remainder for general corporate purposes, which may include working capital, strategic acquisitions, expansion of data center infrastructure for HPC, and expansion of existing assets.
Source (primary)
terawulf 8-K exhibit (eh240548495_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-25)Live source ↗
Quote: “The Company intends to use approximately $51 million of the net proceeds from the offering to pay the cost of the capped call transactions (as described below), $115 million to repurchase shares of the Company's common stock (the "common stock"), and the remainder for general corporate purposes, which may include working capital, strategic acquisitions, expansion of data center infrastructure to support HPC 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 (eh240548495_ex9901.htm)
Quote: “The Company intends to use approximately $51 million of the net proceeds from the offering to pay the cost of the capped call transactions (as described below), $115 million to repurchase shares of the Company's common stock (the "common stock"), and the remainder for general corporate purposes, which may include working capital, strategic acquisitions, expansion of data center infrastructure to support HPC activities and expansion of existing assets.”