Beowulf E&D contingent stock issuance
Company: TeraWulf
The claim, verbatim
Up to $13.0 million in additional Common Stock subject to achievement of earnout milestones
Source (primary)
View 10-K PDF (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “The purchase agreement also included up to $19.0 million in contingent cash payments and up to $13.0 million in additional Common Stock, subject to the achievement of several earnout milestones”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
Note 1 of the 10-K states the agreement included up to $13.0 million in additional common stock tied to earnout milestones.
Confirmed in the source:
- The Beowulf E&D purchase agreement included up to $13.0 million in additional Common Stock subject to earnout milestones
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000031/0001083301-26-000031.pdf) in full (556,251 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms View 10-K PDF
Quote: “The purchase agreement also included up to $19.0 million in contingent cash payments and up to $13.0 million in additional Common Stock, subject to the achievement of several earnout milestones”