Debt free in 2025
Company: TeraWulf
What the later record shows
The date slipped
The FY2025 10-K cash flow note refers to plant and equipment purchases carried in long-term debt, which suggests debt remained at the end of the promised year. In 2026 the company issued short-term debt and paid $131.1 million of interest in six months, and no passage states it became debt free.
“Purchases of and deposits on plant and equipment in accounts payable, accrued construction liabilities, other accrued liabilities and long-term debt”
2026-02-26 · TeraWulf 10-K filed 2026-02-27 View cached copy (2026-08-31)Live source ↗
“Proceeds from issuance of short-term debt, net of issuance costs paid of $ 7,250 and $ 0 92,750”
2026-08-04 · TeraWulf 10-Q filed 2026-08-05 View cached copy (2026-08-31)Live source ↗
“Cash paid during the period for: Interest $ 131,072 $ 7,114”
2026-08-04 · TeraWulf 10-Q filed 2026-08-05 View cached copy (2026-08-31)Live source ↗
Checked November 6, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf expects to be debt free in 2025, with substantial free cash flow to reinvest in the business.
Source (primary)
terawulf 8-K exhibit (wulfinvestorpresentation.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-06)Live source ↗
Quote: “expect to be debt free in 2025 with substantial free cash flow to reinvest in business”
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 (wulfinvestorpresentation.htm)
Quote: “expect to be debt free in 2025 with substantial free cash flow to reinvest in business”
delays TeraWulf 10-K filed 2026-02-27
Quote: “Purchases of and deposits on plant and equipment in accounts payable, accrued construction liabilities, other accrued liabilities and long-term debt”
delays TeraWulf 10-Q filed 2026-08-05
Quote: “Proceeds from issuance of short-term debt, net of issuance costs paid of $ 7,250 and $ 0 92,750”