Debt Capital Structure
Company: TeraWulf
The claim, verbatim
$2.5 billion Convertible Notes at TeraWulf Inc and $3.2 billion Senior Secured Notes at WULF Compute subsidiary
Source (primary)
Q2 2026 Earnings Update Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “$2.5B Convertible Notes @ TeraWulf...$3.2B Senior Secured Notes @ WULF Compute”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The Q2 2026 financial snapshot lists '$2.5B Convertible Notes @ TeraWulf' and '$3.2B Senior Secured Notes @ WULF Compute', both counted in TeraWulf's $5.7 billion total debt.
Confirmed in the source:
- TeraWulf has $2.5 billion of Convertible Notes at the TeraWulf level
- WULF Compute has $3.2 billion of Senior Secured Notes
- WULF Compute is a subsidiary platform whose debt is consolidated into TeraWulf's $5.7 billion total debt
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23522/pdf/TeraWulf+Q2+2026+Investor+Presentation.pdf) in full (28,349 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Q2 2026 Earnings Update Presentation
Quote: “$2.5B Convertible Notes @ TeraWulf...$3.2B Senior Secured Notes @ WULF Compute”