Credit ratings for senior secured notes
Company: TeraWulf
The claim, verbatim
Ba2/BB/BB ratings assigned by Moody's, S&P, and Fitch for the senior secured green notes
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗
Quote: “Ba2/BB/BB Ratings from Moody's, S&P, and Fitch”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The notes structure slide lists Ba2/BB/BB ratings from Moody's, S&P, and Fitch, and a later slide describes the BB rating from leading agencies.
Confirmed in the source:
- The senior secured green notes are rated Ba2 by Moody's
- The notes are rated BB by S&P
- The notes are rated BB by Fitch
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23306/pdf/WULF_Q3_2025_Investor_Update_%28Nov_2025%29vF.pdf) in full (31,442 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “Ba2/BB/BB Ratings from Moody's, S&P, and Fitch”