# EDGAR Filing Document

**Accession Number:** 0001083301
**File Stem:** 0001104659-26-043279
**Filing Date:** 2026-4
**Character Count:** 23918
**Document Hash:** 1e8d7da7197e4238966c16b3a8f18a7a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-043279.hdr.sgml**: 20260414

**ACCESSION NUMBER**: 0001104659-26-043279

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20260414

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260414

**DATE AS OF CHANGE**: 20260414

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TERAWULF INC.
- **CENTRAL INDEX KEY:** 0001083301
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 871909475
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41163
- **FILM NUMBER:** 26861592

**BUSINESS ADDRESS:**
- **STREET 1:** 9 FEDERAL STREET
- **CITY:** EASTON
- **STATE:** MD
- **ZIP:** 21601
- **BUSINESS PHONE:** (410) 770-9500

**MAIL ADDRESS:**
- **STREET 1:** 9 FEDERAL STREET
- **CITY:** EASTON
- **STATE:** MD
- **ZIP:** 21601

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** IKONICS CORP
- **DATE OF NAME CHANGE:** 20021216

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CHROMALINE CORP
- **DATE OF NAME CHANGE:** 19990405

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of Report (Date of earliest event reported)**: **April 14, 2026**

**TERAWULF INC.**

(Exact name of registrant as specified in its charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-41163** | **87-1909475** |
| (State or other jurisdiction of<br> incorporation) | (Commission File Number) | (IRS Employer Identification No.) |

---

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| | |
|:---|:---|
| &nbsp;&nbsp;**9 Federal Street <br> Easton, Maryland**<br> (Address of principal executive offices) | &nbsp;&nbsp;**21601**<br> (Zip Code) |

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Registrant's telephone number, including area code: **(410) 770-9500**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

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| |
|:---|
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |

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Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Title of each class** | &nbsp;&nbsp;**Trading Symbol(s)** | &nbsp;&nbsp;**Name of each exchange on which <br> registered** |
| &nbsp;&nbsp;Common stock, $0.001 par value per share | &nbsp;&nbsp;WULF | &nbsp;&nbsp;The Nasdaq Capital Market |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

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| | |
|:---|:---|
| **Item 2.02** | **Results of Operations and Financial Condition.** |

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On April 14, 2026, TeraWulf Inc. ("TeraWulf" or the "Company") issued a press release announcing its preliminary financial results for the first quarter ended March 31, 2026. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference.

The information furnished in Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing of TeraWulf under the Exchange Act or the Securities Act of 1933, as amended (the "Securities Act"), except as shall be expressly set forth by specific reference in such filing.

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| | |
|:---|:---|
| **Item 7.01** | **Regulation FD Disclosure.** |

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On April 14, 2026, TeraWulf announced that it intends to offer for sale to the public $800.0 million of shares of its common stock, par value $0.001 per share ("Common Stock"). TeraWulf intends to grant the underwriters of the offering a 30-day option to purchase up to an additional $120.0 million of shares of Common Stock at the public offering price less underwriting discounts and commissions. A copy of the press release is attached hereto as Exhibit 99.2 and is incorporated herein by reference.

The information furnished in Item 7.01, including Exhibit 99.2, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that Section and shall not be deemed to be incorporated by reference into any filing of TeraWulf under the Exchange Act or the Securities Act, except as shall be expressly set forth by specific reference in such filing.

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| | |
|:---|:---|
| **Item 8.01** | **Other Events.** |

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On April 14, 2026, TeraWulf issued a press release announcing it has received allocations in respect of a senior secured revolving credit facility in an aggregate principal amount of $250 million, subject to finalizing documentation and other closing conditions. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference.

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| | |
|:---|:---|
| **Item 9.01** | **Financial Statements and Exhibits.** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Exhibits

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [99.1](tm2611661d4_ex99-1.htm) | [Press release issued by TeraWulf Inc., dated April 14, 2026.](tm2611661d4_ex99-1.htm) |
| [99.2](tm2611661d4_ex99-2.htm) | [Press release issued by TeraWulf Inc., dated April 14, 2026.](tm2611661d4_ex99-2.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: April 14, 2026

---

| | | |
|:---|:---|:---|
| **TERAWULF INC.** | **TERAWULF INC.** | **TERAWULF INC.** |
| By: | /s/ Patrick A. Fleury | /s/ Patrick A. Fleury |
|  | Name: | Patrick A. Fleury |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**TeraWulf Reports Preliminary First Quarter 2026 Financial Results**

*Received Allocations for Revolving Credit Facility of Up to $250 Million From Leading Global Financial Institutions*

EASTON, Md., April 14, 2026 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), an owner, developer and operator of energy-advantaged digital infrastructure purpose-built for high-performance computing ("HPC") and artificial intelligence ("AI"), today announced preliminary financial results for the first quarter ended March 31, 2026.

**Preliminary Financial Results for First Quarter 2026**

The Company expects first quarter 2026 revenue to be between $30 million and $35 million, and adjusted EBITDA to be between $0 million and $3 million.

As of March 31, 2026, the Company had cash, cash equivalents and restricted cash of $3.1 billion and total debt of $5.8 billion, comprised of $2.5 billion of convertible notes at TeraWulf, $3.2 billion of senior secured notes at WULF Compute LLC, and $100 million of delayed-draw bridge loans at TeraWulf's Kentucky subsidiaries.

**Operational and Financial Updates**

TeraWulf has received allocations for a revolving credit facility (the "Facility") of up to $250 million, subject to negotiation of and finalizing documentation and other closing conditions. The Facility is expected to mature in April 2030, and to be secured by substantially all assets of TeraWulf and certain of its subsidiaries, subject to certain exceptions. The Facility is expected to enhance liquidity and support working capital. Morgan Stanley Senior Funding, Inc. is engaged as Administrative Agent, Lead Arranger, and Lead Bookrunner for the Facility.

With this enhanced liquidity position, the Company expects to have sufficient capital to fund the equity component of its previously announced Kentucky data center development and to support its near-term capital requirements.

Operationally, TeraWulf continues to execute on its buildout. As of March 31, 2026, TeraWulf had fully delivered CB-2, with all Core42 capacity across the Wulf Den, CB-1 and CB-2 generating revenue.

**Leadership Commentary**

"Our preliminary results reflect a business that has effectively transitioned to long-term, credit-enhanced revenues," said Patrick Fleury, Chief Financial Officer of TeraWulf. "With more than 50% of first quarter 2026 revenue derived from HPC hosting, and additional compute capacity expected to come online in the second quarter and throughout the remainder of the year, we expect our revenue mix to continue shifting toward stable, contracted HPC hosting revenues backed by investment-grade counterparties."

"Securing a broadly syndicated revolving credit facility represents a meaningful step forward in the evolution of our business model and capital structure. The Facility underscores the strength of our platform and growing confidence in our long-term strategy from leading global financial institutions."

**Preliminary Results Notice**

The preliminary estimated financial results included in this release for the first quarter ended March 31, 2026 are preliminary, unaudited and subject to completion, and may change as a result of management's ongoing review. These preliminary results are subject to quarter-end financial and accounting procedures. The preliminary financial results represent management estimates and constitute forward-looking statements subject to risks and uncertainties. Actual results may differ materially from these preliminary estimates when finalized and publicly disclosed.

These preliminary results should not be viewed as a substitute for the Company's full first quarter financial statements and do not present all information necessary for a complete understanding of financial performance. TeraWulf expects to release full first quarter results in May 2026.

**Non-GAAP Financial Information**

To provide investors with additional information in connection with our results, as determined in accordance with generally accepted accounting principles in the United States ("GAAP"), we disclose Adjusted EBITDA as a non-GAAP measure. This measure is not a financial measure calculated in accordance with GAAP, and it should not be considered as a substitute for net income, operating income, or any other measure calculated in accordance with GAAP, and may not be comparable to similarly titled measures reported by other companies.

The Company has not provided reconciliations of preliminary Adjusted EBITDA to the most comparable GAAP measure of net income/(loss), as such reconciliation would be potentially misleading and not practicable. This is due to the difficulty of projecting event-driven transactional and other non-core operating items that are included in net income/(loss), including but not limited to asset impairments and income tax valuation adjustments, that cannot be calculated at this time without unreasonable effort. Reconciliations of this non-GAAP measure to the most comparable GAAP measure for historical periods are available in the Company's quarterly earnings conference call presentations, accessible on the investor section of the Company's website at www.terawulf.com/investors.

**About TeraWulf**

TeraWulf develops, owns, and operates environmentally sustainable, industrial-scale data center infrastructure in the United States, purpose-built for high-performance computing (HPC) hosting and bitcoin mining. Led by a team of veteran energy infrastructure entrepreneurs, TeraWulf is committed to delivering scalable, low-carbon compute capacity for next-generation AI and HPC customers.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements. In addition, forward-looking statements are typically identified by words such as "plan," "believe," "goal," "target," "aim," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "seek," "continue," "could," "may," "might," "possible," "potential," "strategy," "opportunity," "predict," "should," "would" and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Forward-looking statements are based on the current expectations and beliefs of TeraWulf's management and are inherently subject to a number of factors, risks, uncertainties and assumptions and their potential effects. There can be no assurance that future developments will be those that have been anticipated. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, risks, uncertainties and assumptions, including, among others: (1) TeraWulf's ability to complete their data center campuses and future strategic growth initiatives in a timely manner or within anticipated cost estimates; (2) TeraWulf's ability to attract additional customers to lease its HPC data centers; (3) TeraWulf's need to raise additional capital to meet its business requirements in the future, which may be costly or difficult to obtain or may not be obtained (in whole or part) and, if obtained, could significantly dilute the ownership interests of TeraWulf's shareholders; (4) adverse geopolitical or economic conditions, including a high inflationary environment, the implementation of new tariffs and more restrictive trade regulations; (5) security threats or unauthorized or impermissible access to TeraWulf's data centers, its operations or its digital wallet; (6) counterparty risk with respect to TeraWulf's digital asset custodian and its mining pool provider; (7) employment workforce factors, including the loss of key employees; (8) changes in governmental safety, health, environmental and other regulations, which could require significant expenditures; (9) conditions in the cryptocurrency mining industry, including any prolonged substantial reduction in the value of bitcoin; (10) currency exchange rate fluctuations; and (10) other risks and uncertainties detailed from time to time in TeraWulf's filings with the Securities and Exchange Commission ("SEC"). Potential investors, stockholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in TeraWulf's filings with the SEC, which are available at <u>www.sec.gov</u>.

Contacts

Investors: <u>investors@terawulf.com</u>

Media: <u>media@terawulf.com</u>

## Exhibit 99.2

**Exhibit 99.2**

**TeraWulf Announces Common Stock Offering**

**EASTON, Maryland.** — **April 14, 2026** — TeraWulf Inc. (NASDAQ: WULF) (the "Company" or "TeraWulf") today announced it intends to make an offering of $800 million of shares of its common stock (the "Offering"). TeraWulf's common stock is listed on the Nasdaq Stock Market LLC under the symbol "WULF."

TeraWulf intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional $120 million of shares of common stock at the public offering price less underwriting discounts and commissions.

TeraWulf intends to use the net proceeds from the Offering to finance a portion of the construction of a data center at its site in Hawesville, Kentucky, including repayment in full of amounts outstanding under its bridge credit facility, for future site acquisitions and for general corporate purposes.

Morgan Stanley is acting as lead bookrunning manager for the Offering. Cantor Fitzgerald is serving as the Company's equity capital markets advisor.

The Offering will be made by means of a prospectus supplement under TeraWulf's effective registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (the "SEC").

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The Offering may be made only by means of a prospectus supplement relating to such Offering and the accompanying prospectus. Copies of the preliminary prospectus supplement for the Offering and the accompanying prospectus can be obtained from Morgan Stanley & Co. LLC. Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, email: prospectus@morganstanley.com, telephone: (866) 718-1649**.**

**About TeraWulf**

TeraWulf develops, owns, and operates environmentally sustainable, industrial-scale data center infrastructure in the United States, purpose-built for high-performance computing (HPC) hosting and bitcoin mining. Led by a team of veteran energy infrastructure entrepreneurs, TeraWulf is committed to delivering scalable, low-carbon compute capacity for next-generation AI and HPC customers.

**Cautionary Statement Regarding Forward-Looking Statements**

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact, including statements about beliefs, expectations, targets or goals and the use of proceeds of the Offering, are, or may be deemed to be, forward-looking statements. Forward-looking statements are typically identified by words such as "expects," "intends," "will," "anticipates," "believes," "confident," "continue," "propose," "seeks," "could," "may," "should," "estimates," "forecasts," "might," "goals," "objectives," "targets," "planned," "projects," and, in each case, their negative or other various or comparable terminology and similar expressions. Without limiting the generality of the preceding sentence, any time we use forward-looking statements, we intend to clearly express that the information deals with possible future events and is forward-looking in nature. However, the absence of these words or similar expressions does not mean that a statement is not-forward-looking.

These forward-looking statements are based on the current expectations and beliefs of TeraWulf's management and are subject to known and unknown risks, uncertainties and assumptions that may cause actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. For TeraWulf, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking statements include, without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;· the ability to complete our data center campuses and future strategic growth
initiatives in a timely manner or within anticipated cost estimates;

&nbsp;&nbsp;&nbsp;&nbsp;· the ability to attract additional customers to lease our HPC data centers;

&nbsp;&nbsp;&nbsp;&nbsp;· TeraWulf's ability to perform under its existing data center
lease agreements;

&nbsp;&nbsp;&nbsp;&nbsp;· the need to raise additional capital to meet our business requirements in
the future, which may be costly or difficult to obtain or may not be obtained (in whole or in part) and, if obtained, could significantly
dilute the ownership interests of TeraWulf's shareholders;

&nbsp;&nbsp;&nbsp;&nbsp;· the availability and cost of power as well as electrical infrastructure
equipment necessary to maintain and grow the business and operations of TeraWulf;

&nbsp;&nbsp;&nbsp;&nbsp;· adverse geopolitical or economic conditions, including a high inflationary
environment and the implementation of new tariffs and more restrictive trade regulations;

&nbsp;&nbsp;&nbsp;&nbsp;· security threats or unauthorized or impermissible access to our data centers,
our operations or our digital wallet;

&nbsp;&nbsp;&nbsp;&nbsp;· counterparty risk with respect to our digital asset custodian and our mining
pool provider;

&nbsp;&nbsp;&nbsp;&nbsp;· employment workforce factors, including the loss of key employees;

&nbsp;&nbsp;&nbsp;&nbsp;· changes in governmental safety, health, environmental and other regulations,
which could require significant expenditures;

&nbsp;&nbsp;&nbsp;&nbsp;· conditions in the cryptocurrency mining industry, including any prolonged
substantial reduction in the value of bitcoin;

&nbsp;&nbsp;&nbsp;&nbsp;· currency exchange rate fluctuations; and

&nbsp;&nbsp;&nbsp;&nbsp;· other risks, uncertainties and factors, including those set forth in the
Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended
December 31, 2025.

These forward-looking statements reflect our views with respect to future events as of the date of this press release and are based on assumptions and subject to risks and uncertainties. Given these uncertainties, you should not place undue reliance on these forward-looking statements. These forward-looking statements represent our estimates and assumptions only as of the date of this press release and, except as required by law, we undertake no obligation to update or review publicly any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this press release. We anticipate that subsequent events and developments will cause our views to change. You should read this press release and the accompanying prospectus completely and with the understanding that our actual future results may be materially different from what we expect. Our forward-looking statements do not reflect the potential impact of any future acquisitions, merger, dispositions, joint ventures or investments we may undertake. We qualify all of our forward-looking statements by these cautionary statements. Investors are referred to the full discussion of risks and uncertainties associated with forward-looking statements and the discussion of risk factors contained in TeraWulf's filings with the SEC, which are available at www.sec.gov.

**Investors:**

Investors@terawulf.com

**Media:**

Media@terawulf.com