Beowulf E&D acquisition
Company: TeraWulf
The claim, verbatim
On May 21, 2025, TeraWulf acquired 100% of Beowulf E&D for total consideration of approximately $54.6 million, with up to $19.0 million in contingent cash and up to $13.0 million in additional stock tied to earnout milestones.
Source (primary)
TeraWulf 10-Q filed 2026-11-06 (SEC EDGAR, sec_filing)
View cached copy (2026-11-07)Live source ↗
Quote: “The fair value of total consideration for the transaction was approximately $ 54.6 million, including $ 3.0 million in cash and 5.0 million shares of the Company's common stock”
How we checked this
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Additional evidence
confirms TeraWulf 10-Q filed 2026-11-06
Quote: “The fair value of total consideration for the transaction was approximately $ 54.6 million, including $ 3.0 million in cash and 5.0 million shares of the Company's common stock”