Net proceeds from convertible notes offering
Company: TeraWulf
The claim, verbatim
Net proceeds from the sale of the notes were approximately $975.2 million after deducting Initial Purchasers' discounts, commissions, and offering expenses
Source (primary)
TeraWulf 8-K filed 2025-08-22 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “Net proceeds from the sale of the notes (inclusive of the Additional Notes issued pursuant to the full exercise of the option) were approximately $975.2 million after deducting the Initial Purchasers' discounts and commissions and estimated offering expenses payable by the Company.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing reports net proceeds of approximately $975.2 million after deducting the Initial Purchasers' discounts and commissions and estimated offering expenses.
Confirmed in the source:
- Net proceeds from the sale of the notes were approximately $975.2 million
- The net proceeds figure is after deducting Initial Purchasers' discounts, commissions, and estimated offering expenses
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925081886/tm2523651d6_8k.htm) in full (9,970 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-08-22
Quote: “Net proceeds from the sale of the notes (inclusive of the Additional Notes issued pursuant to the full exercise of the option) were approximately $975.2 million after deducting the Initial Purchasers' discounts and commissions and estimated offering expenses payable by the Company.”