# EDGAR Filing Document

**Accession Number:** 0001083301
**File Stem:** 0000000000-23-000938
**Filing Date:** 2023-1
**Character Count:** 7017
**Document Hash:** 8435feace1d9d840eb62b6a5282e1e30
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-000938.hdr.sgml**: 20230418

**ACCESSION NUMBER**: 0000000000-23-000938

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230127

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TERAWULF INC.
- **CENTRAL INDEX KEY:** 0001083301
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **IRS NUMBER:** 871909475
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**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
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001083301-22-000051

## Text-Extract

```

United States securities and exchange commission logo

                              January 27, 2023

       Paul Prager
       Chief Executive Officer
       TeraWulf Inc.
       9 Federal Street
       Easton, Maryland 21601

                                                        Re: TeraWulf Inc.
                                                            Amendment No. 1 to
Registration Statement on Form S-3
                                                            Filed December 23,
2022
                                                            File No. 333-268563

       Dear Paul Prager:

             We have reviewed your amended registration statement and have the
following
       comments. In some of our comments, we may ask you to provide us with
information so we
       may better understand your disclosure.

              Please respond to this letter by amending your registration
statement and providing the
       requested information. If you do not believe our comments apply to your
facts and
       circumstances or do not believe an amendment is appropriate, please tell
us why in your
       response.

              After reviewing any amendment to your registration statement and
the information you
       provide in response to these comments, we may have additional comments.

       Form S-3/A Filed December 23, 2022

       Business Overview, page 1

   1.                                                   Supplement your
disclosure of the mining pool agreement with Foundry to explain how
                                                        the pool is operated.
Additionally, discuss the ownership structure of the mining facilities
                                                        and assets subject to
the pool. Finally, we note that Genesis, an entity owned by the
                                                        crypto conglomerate
Digital Currency Group, which also owns Foundry, has filed for
                                                        Chapter 11 bankruptcy
protection. To the extent material, please provide risk factor
                                                        disclosure addressing
the risks resulting from indirect exposure to Genesis and Digital
                                                        Currency Group.
 Paul Prager
FirstName  LastNamePaul Prager
TeraWulf Inc.
Comapany
January 27,NameTeraWulf
            2023         Inc.
January
Page 2 27, 2023 Page 2
FirstName LastName
2.       Revise to disclose whether you have a specific policy for how you will
determine when to
         sell Bitcoin for fiat currency to fund operations or growth and
through what exchange you
         intend to sell your bitcoin. Additionally, disclose the material terms
of your agreements
         with Foundry Digital LLC and the NYDIG entities and file them as
exhibits to your
         registration statement.
Exhibits

3.       Please file as an exhibit to your registration statement the joint
venture agreement with
         Talen Energy Corporation.
      Please contact Marion Graham, Law Clerk, at 202-551-6521 or Joshua
Shainess, Legal
Branch Chief, at 202-551-7951 with any questions.

                                                               Sincerely,

                                                               Division of
Corporation Finance
                                                               Office of
Technology
cc:      David Huntington

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

January 27, 2023

Paul Prager  
Chief Executive Officer  
TeraWulf Inc.  
9 Federal Street  
Easton, Maryland 21601

**Re: TeraWulf Inc.**

**Amendment No. 1 to Registration Statement on Form S-3**

**Filed December 23, 2022**

**File No. 333-268563**

Dear Paul Prager:

We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.

After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments.

Form S-3/A Filed December 23, 2022

Business Overview, page 1

1. Supplement your disclosure of the mining pool agreement with Foundry to explain how the pool is operated. Additionally, discuss the ownership structure of the mining facilities and assets subject to the pool. Finally, we note that Genesis, an entity owned by the crypto conglomerate Digital Currency Group, which also owns Foundry, has filed for Chapter 11 bankruptcy protection. To the extent material, please provide risk factor disclosure addressing the risks resulting from indirect exposure to Genesis and Digital Currency Group.

Paul Prager
TeraWulf Inc.
January 27, 2023
Page 2

2. Revise to disclose whether you have a specific policy for how you will determine when to sell Bitcoin for fiat currency to fund operations or growth and through what exchange you intend to sell your bitcoin. Additionally, disclose the material terms of your agreements with Foundry Digital LLC and the NYDIG entities and file them as exhibits to your registration statement.

Exhibits

3. Please file as an exhibit to your registration statement the joint venture agreement with Talen Energy Corporation.

Please contact Marion Graham, Law Clerk, at 202-551-6521 or Joshua Shainess, Legal Branch Chief, at 202-551-7951 with any questions.

Sincerely,

Division of Corporation Finance
Office of Technology

cc: David Huntington