Employee trust annual funding commitment
Company: TeraWulf
The claim, verbatim
TeraWulf will fund an eligible employee trust annually with 2% of the Company's annual capital expenditures for HPC and AI data center development
Source (primary)
TeraWulf 8-K filed 2025-05-27 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “fund the trust annually with an amount equal to 2% of the Company's annual capital expenditures, calculated in accordance U.S. GAAP, for the development and build out TeraWulf's high-performance computing and artificial intelligence data centers”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing says TeraWulf agreed to form the trust and fund it each year with 2% of its capital expenditures on HPC and AI data center development.
Confirmed in the source:
- TeraWulf agreed to form an eligible employee trust
- TeraWulf agreed to fund the trust annually with an amount equal to 2% of its annual capital expenditures for developing and building out its HPC and AI data centers
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330125000041/wulf-20250521.htm) in full (16,667 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-05-27
Quote: “fund the trust annually with an amount equal to 2% of the Company's annual capital expenditures, calculated in accordance U.S. GAAP, for the development and build out TeraWulf's high-performance computing and artificial intelligence data centers”