Note amortization conditional on campus completion
Company: TeraWulf - Project: Abernathy HPC Campus
The claim, verbatim
Principal amortization will commence on a semi-annual basis only after completion of the Abernathy HPC Campus
Source (primary)
TeraWulf 8-K filed 2025-12-29 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “No amortization will be payable prior to the completion of the Abernathy HPC Campus.”
How we checked this
Checked on September 16, 2026. The cited source supports every part of this claim.
The filing's amortization section states both the semi-annual schedule and the condition that no amortization is due before the campus is completed.
Confirmed in the source:
- The principal amount of the notes amortizes on a semi-annual basis on June 30 and December 31 of each year in amounts based on schedules in the Indenture
- No amortization is payable prior to the completion of the Abernathy HPC Campus
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465925124839/tm2534384d1_8k.htm) in full (10,443 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2025-12-29
Quote: “No amortization will be payable prior to the completion of the Abernathy HPC Campus.”