Convertible Senior Notes offering
Company: TeraWulf
What the later record shows
Delivered on time · happened October 31, 2025
The Q3 10-Q reports $1,025.0 million of 2032 convertible notes were sold: the $900 million base plus the fully exercised $125 million option, completed October 31, 2025. The 10-K shows $1,025.0 million of 2032 notes outstanding at year-end.
“The aggregate principal amount of notes sold in the offering was $1,025.0 million, which includes $125.0 million aggregate principal amount of notes issued pursuant to an option to purchase additional notes”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
“2032 Convertible notes $ 1,025,000 $ ( 25,911 ) 999,089 $ 1,582,788”
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
TeraWulf issued $900 million aggregate principal amount of 0.00% Convertible Senior Notes due 2032
Source (primary)
TeraWulf 8-K filed 2025-10-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “issued a press release announcing the upsize and pricing of its private offering of $900 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2032”
How we checked this
Checked on October 10, 2026. The cited source supports part of this claim, but not all of it.
The filing confirms the $900 million size and the terms of the 0.00% Convertible Senior Notes due 2032. However, it describes the offering as priced, not completed, so it does not establish that the notes were issued.
Confirmed in the source:
- TeraWulf priced a private offering of $900 million aggregate principal amount of notes
- The notes are 0.00% Convertible Senior Notes due 2032
We could not confirm this from the cited source:
- That TeraWulf actually issued the notes; the filing reports only the pricing, with closing expected on October 31, 2025 subject to customary closing conditions
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925103923/tm2529509d3_8k.htm) in full (5,978 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-10-30
Quote: “issued a press release announcing the upsize and pricing of its private offering of $900 million aggregate principal amount of its 0.00% Convertible Senior Notes due 2032”
confirms TeraWulf 10-Q filed 2025-11-10
Quote: “The aggregate principal amount of notes sold in the offering was $1,025.0 million, which includes $125.0 million aggregate principal amount of notes issued pursuant to an option to purchase additional notes”
confirms TeraWulf 10-K filed 2026-02-27
Quote: “2032 Convertible notes $ 1,025,000 $ ( 25,911 ) 999,089 $ 1,582,788”