$75M cash collateral for letter of credit
Company: TeraWulf
The claim, verbatim
$75 million will be funded as cash collateral to secure obligations under a letter of credit
Source (primary)
TeraWulf 8-K filed 2025-12-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “to fund $75 million of cash collateral to secure the Guarantor's obligations under a certain letter of credit”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing lists the $75 million letter-of-credit cash collateral among the stated uses of proceeds.
Confirmed in the source:
- Proceeds will fund $75 million of cash collateral to secure the Guarantor's obligations under a certain letter of credit
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925124839/tm2534384d1_8k.htm) in full (10,443 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-12-29
Quote: “to fund $75 million of cash collateral to secure the Guarantor's obligations under a certain letter of credit”