TeraWulf Announces $800 Million Common Stock Offering
EASTON, Md., April 14, 2026 — TeraWulf Inc. has revealed plans to offer $800 million in common stock. Their shares are traded on the Nasdaq under the ticker symbol “WULF.”
The company aims to provide underwriters a 30-day option to acquire an extra $120 million in common stock at the public offering price, minus any underwriting fees.
The net proceeds from this offering are earmarked for the development of a data center in Hawesville, Kentucky. This funding will also help pay off existing debts related to their Bridge Credit Facility, alongside facilitating land acquisitions and other corporate needs.
Morgan Stanley is serving as the lead bookrunner for the offering, while Cantor Fitzgerald is providing equity capital market advisory services.
This offering will occur through a prospectus supplement tied to TeraWulf’s effective registration statement with the Securities and Exchange Commission.
This announcement is not an invitation to purchase or sell securities in any jurisdiction where such transactions may be illegal. The offering will proceed only through the related prospectus and prospectus supplement. Interested parties can obtain these documents from Morgan Stanley & Co., LLC at their New York office.
About TeraWulf
TeraWulf specializes in developing, owning, and operating environmentally friendly, large-scale data center infrastructure in the U.S., focusing on high-performance computing and Bitcoin mining. Their team consists of experienced energy infrastructure entrepreneurs dedicated to providing scalable, low-carbon computing solutions for emerging AI and HPC customers.
Caution Regarding Forward-Looking Statements
This release includes forward-looking statements as defined by the Securities Act of 1933 and the Securities Exchange Act of 1934. Such statements go beyond mere historical facts, touching on beliefs, expectations, goals, or the intended use of proceeds. You might notice words like “expects,” “intends,” or “anticipates,” which are typically associated with these forward-looking statements.
The statements made are based on TeraWulf’s current expectations, but they come with known and unknown risks that might lead to actual results differing significantly from what’s projected. Factors that could affect outcomes include delays in completing the data center, difficulties in attracting customers, or, quite simply, market conditions like inflation or new tariffs. Additionally, security threats and operational challenges also pose risks to their projections.
- Delays in completing data center projects.
- Challenges in gaining new customers for their HPC centers.
- Concerns regarding existing lease agreements.
- Need for further capital that might be costly or hard to secure.
- Availability of power and infrastructure.
- Economic instability, including inflation and tariffs.
- Risks of security breaches or unauthorized access.
- Counterparty risks involving digital asset custodians.
- Potential loss of key staff.
- Regulatory changes that may come with high costs.
- Market movements in the cryptocurrency arena, notably a drop in Bitcoin value.
- Exchange rate fluctuations.
Given these uncertainties, reliance on forward-looking statements should be cautious. These statements are made based on existing assumptions and risk factors, and TeraWulf does not commit to updating them after this release, except as legally required. The company expects future events might change their outlook as well.
For any inquiries related to investments, you can reach out via email to investors@terawulf.com. Media queries can be directed to Media@terawulf.com.
