Convertible Notes Interest Rate
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
Later filings restate the 2.75% semiannual interest terms and show the 2030 notes still outstanding at year-end 2025. No passage confirms that the interest payments starting May 1, 2025 were actually made.
“Interest of 2.75 % is payable semiannually in arrears on May 1 and November 1 of each year, beginning on May 1, 2025.”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
“In October 2024, the Company completed a private offering of 2.75 % convertible senior notes due 2030 (the “2030 Convertible Notes”).”
2026-02-26 · TeraWulf 10-K filed 2026-02-27 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The notes bear interest at 2.75% per year payable semiannually in arrears on May 1 and November 1, beginning May 1, 2025
Source (primary)
TeraWulf 8-K filed 2024-10-25 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “bear interest at a rate of 2.75% per year payable semiannually in arrears on May 1 and November 1 of each year, beginning on May 1, 2025”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
TeraWulf's October 25, 2024 Form 8-K states the interest rate, the semiannual payment schedule, the May 1 and November 1 payment dates, and the May 1, 2025 start date exactly as claimed.
Confirmed in the source:
- TeraWulf's 2.75% Convertible Senior Notes due 2030 bear interest at 2.75% per year
- Interest on the notes is payable semiannually in arrears
- Interest payment dates are May 1 and November 1 of each year
- The first interest payment is on May 1, 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000095014224002636/eh240549125_8k.htm) in full (13,812 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2024-10-25
Quote: “bear interest at a rate of 2.75% per year payable semiannually in arrears on May 1 and November 1 of each year, beginning on May 1, 2025”