Beowulf E&D employee transition

Subject kind: personnel
Statement date: 2026-02-27
Promised amount: 94.0 employees
Current status: stated

The claim, verbatim

Approximately 94 employees transitioned to the Company as part of the Beowulf E&D acquisition

Source (primary)

View 10-K PDF (IR page (investors.terawulf.com), ir_release)
View cached copy (2026-09-01)Live source ↗Archive.org ↗

Quote: “Approximately 94 employees transitioned to the Company as part of the transaction”

How we checked this

Checked on October 10, 2026. The cited source supports every part of this claim.

Both the MD&A and Note 1 state that 94 Beowulf E&D employees transitioned to the Company.

Confirmed in the source:

Approximately 94 employees transitioned to TeraWulf as part of the Beowulf E&D acquisition

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: “Approximately 94 employees transitioned to the Company as part of the transaction”

View cached copy (2026-09-01)Live source ↗Archive.org ↗

Record of changes

September 2, 2026 — stated

Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.

October 9, 2026 — stated

Review. statement_date 2026-09-01 was the source's retrieval date; source published 2026-02-27.