TERAWULF INC. 8K

TeraWulf Inc. announced a major strategic shift toward large-scale, power-secured AI/HPC infrastructure leasing, backed by new long-term customer contracts, asset sales, site acquisitions, and amended leases that materially expand its contracted revenue base and development pipeline.

TeraWulf Inc. provided a Q2 2026 business update describing its transition from primarily digital asset mining to a power-backed, long-duration AI/HPC infrastructure leasing platform, highlighting 102 MW of energized capacity generating lease revenue, 438 MW of additional contracted capacity targeted for energization by 1H 2027, execution of a 401 MW, 20+ year lease with Anthropic at its Justified Data campus, an agreement to sell its Abernathy joint venture interest for approximately $530 million to recycle capital into new projects, the acquisition of the Muskie Data site with 1 GW of contracted electric service, amended Lake Mariner leases expected to add over $500 million of incremental revenue over 10-year terms in exchange for funding about $150 million of tenant fit-out costs, and a strengthened multi-year development pipeline and capital structure (including $44.8 million in Q2 revenue, majority from HPC leases, and significant convertible and secured note financings) to support 250–500 MW of annual contracted capacity growth across its U.S. data center campuses.

Filing Facts

CIK

1083301

Ticker

-

Form

8K

Source Type

sec

Accession

0001083301-26-000162

Alert Tier

7