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Net proceeds from convertible notes offering

Company: TeraWulf

Subject kind
financing
Statement date
2025-10-29
Promised amount
877.6 USD
Current status
stated

The claim, verbatim

Net proceeds from offering estimated at approximately $877.6 million, or approximately $999.7 million if initial purchasers exercise their full option

Source (primary)

TeraWulf 8-K filed 2025-10-30 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The Company estimates that the net proceeds of the offering will be approximately $877.6 million (or approximately $999.7 million if the initial purchasers exercise in full their option to purchase additional notes)”

How we checked this

Attempted on September 16, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

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: “The Company estimates that the net proceeds of the offering will be approximately $877.6 million (or approximately $999.7 million if the initial purchasers exercise in full their option to purchase additional notes)”

View cached copy (2026-08-31)Live source ↗