Use of offering proceeds for Hawesville and bridge repayment
Company: TeraWulf - Project: Justified Data
The claim, verbatim
Net proceeds will finance construction of a data center at Hawesville Site, repay the Bridge Credit Facility, support future site acquisitions, and general corporate purposes
Source (primary)
TeraWulf 424B5 filed 2026-04-14 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “We intend to use the net proceeds of this offering to finance a portion of the cost of construction of a data center at our site in Hawesville, Kentucky (the "Hawesville Site"), including repayment in full of amounts outstanding under our Bridge Credit Facility (as defined herein), for future site acquisitions and for general corporate purposes.”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms TeraWulf 424B5 filed 2026-04-14
Quote: “We intend to use the net proceeds of this offering to finance a portion of the cost of construction of a data center at our site in Hawesville, Kentucky (the "Hawesville Site"), including repayment in full of amounts outstanding under our Bridge Credit Facility (as defined herein), for future site acquisitions and for general corporate purposes.”