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
Checked on September 15, 2026. The cited source supports every part of this claim.
The document lists all four intended uses of proceeds. It specifies that the proceeds would cover a portion of the Hawesville construction cost.
Confirmed in the source:
- Net proceeds are intended to finance construction of a data center at the Hawesville Site (a portion of its cost)
- Net proceeds are intended to repay the Bridge Credit Facility in full
- Net proceeds are intended for future site acquisitions
- Net proceeds are intended for general corporate purposes
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465926043250/tm2611661-3_424b5.htm) in full (221,842 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
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.”