Hawesville brownfield site acquisition in Kentucky
Company: TeraWulf
What the later record shows
Delivered on time · happened February 2, 2026
Later 10-Qs say the purchase agreement was entered on February 2, 2026 and that the option was exercised. They also record total consideration of about $301.9 million and a minority interest granted to the seller, which shows the acquisition was completed. No passage states the closing date explicitly.
“The total consideration for the transaction was approximately $ 301.9 million including cash consideration and the fair value of minority equity interest granted.”
2026-05-07 · TeraWulf 10-Q filed 2026-05-08 View cached copy (2026-08-31)Live source ↗
“On February 2, 2026, the Company entered into an Agreement of Purchase and Sale for a former industrial site in Hawesville, Kentucky”
2026-05-07 · TeraWulf 10-Q filed 2026-05-08 View cached copy (2026-08-31)Live source ↗
“The Company exercised an exclusivity option to purchase the Justified Data Campus, which includes more than 250 buildable acres with immediate access to power infrastructure”
2026-08-04 · TeraWulf 10-Q filed 2026-08-05 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 exercised an exclusive option to purchase Hawesville, a former industrial site in Kentucky with more than 250 buildable acres and access to multiple high-voltage transmission lines, an on-site energized substation, and direct connection to the regional transmission network. The acquisition closed effective February 2, 2026.
Source (primary)
TeraWulf 8-K filed 2026-02-02 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “TeraWulf exercised an exclusive option to purchase Hawesville, which includes more than 250 buildable acres with immediate access to power infrastructure, including multiple high-voltage transmission lines, an on-site energized substation, and a direct connection to the regional transmission network... The Hawesville acquisition does not require any third-party consents or regulatory approvals and closed effective February 2, 2026.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K states each of these facts about the Hawesville, Kentucky site, including that the acquisition closed effective February 2, 2026.
Confirmed in the source:
- TeraWulf exercised an exclusive option to purchase Hawesville
- Hawesville is a former industrial site in Hawesville, Kentucky
- The Hawesville site includes more than 250 buildable acres
- The Hawesville site has access to multiple high-voltage transmission lines, an on-site energized substation, and a direct connection to the regional transmission network
- The Hawesville acquisition closed effective February 2, 2026
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330126000023/wulf-20260202.htm) in full (6,505 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2026-02-02
Quote: “TeraWulf exercised an exclusive option to purchase Hawesville, which includes more than 250 buildable acres with immediate access to power infrastructure, including multiple high-voltage transmission lines, an on-site energized substation, and a direct connection to the regional transmission network... The Hawesville acquisition does not require any third-party consents or regulatory approvals and closed effective February 2, 2026.”
confirms TeraWulf 10-Q filed 2026-05-08
Quote: “The total consideration for the transaction was approximately $ 301.9 million including cash consideration and the fair value of minority equity interest granted.”
confirms TeraWulf 10-Q filed 2026-08-05
Quote: “The Company exercised an exclusivity option to purchase the Justified Data Campus, which includes more than 250 buildable acres with immediate access to power infrastructure”