Welcome to our dedicated page for TERAWULF SEC filings (Ticker: WULF), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
TeraWulf Inc. filings document a Nasdaq-listed digital infrastructure company with common stock trading under WULF and operations centered on high-performance computing hosting and bitcoin mining. Its Form 8-K reports cover operating and financial results, Regulation FD presentations, material definitive agreements, credit arrangements, and equity capital transactions tied to data center development and corporate financing.
Proxy materials describe shareholder voting matters, board governance, executive compensation, and related annual meeting disclosures. Capital-structure filings and material-event reports address common stock offerings, underwriting agreements, subsidiary financing arrangements, and infrastructure-site transactions, including disclosures connected to the company's Hawesville development platform.
TeraWulf Inc. reported Q2 2026 total revenue of $44,767 (figures in tables are in thousands), as its business mix shifted toward high‑performance computing leasing. Digital asset revenue was $12,835 while new HPC lease revenue reached $31,932, with two customers driving this segment.
The company generated an operating loss of $140,450 and a net loss attributable to TeraWulf of $939,917, driven by $755,667 of noncash loss from the change in fair value of warrant liabilities, $56,389 of interest expense and higher selling, general and administrative costs. Net cash used in operating activities was $154,300 for the first half of 2026.
TeraWulf is aggressively expanding its low‑carbon digital infrastructure footprint. Property, plant and equipment, net rose to $3,600,191, reflecting investments in the Justified Data Campus (total consideration $301,938) and Muskie Data Campus ($167,461), as well as Lake Mariner HPC build‑out. The company also recorded a $16,549 asset retirement obligation and posts substantial warrant liabilities of $1,816,690 against total assets of $8,048,395.
TeraWulf Inc. reported second quarter 2026 results with revenue of $44.8 million, including $31.9 million of high‑performance computing (HPC) lease revenue, which represented about 71% of total revenue. The company recorded a GAAP net loss attributable to TeraWulf of roughly $939.9 million and non‑GAAP Adjusted EBITDA of about $(18.3) million. Cash and restricted cash totaled approximately $3.0 billion at June 30, 2026.
At the Lake Mariner Data Campus, TeraWulf operated 81 MW of revenue‑generating critical IT capacity as of June 30 and reached 102 MW after completing CB‑3 in early July, triggering $600 million of Google credit support for Fluidstack’s lease. An additional 336 MW of critical IT capacity is under construction there within prior cost guidance of $8–10 million per MW.
Strategically, the company entered a 20‑year data center lease with Anthropic for about 401 MW of critical IT capacity at the Justified Data Campus, representing approximately $19 billion of contracted revenue over the initial term and up to about $33 billion with extensions. It also agreed to sell its 50.1% interest in the Abernathy Joint Venture for around $530 million in cash and received FERC authorization for acquiring the Morgantown generating station, supporting development of the up to 1 GW Chesapeake Data Campus. TeraWulf reaffirmed its target of contracting 250–500 MW of incremental critical IT capacity annually.
Terawulf Inc. director and Chief Strategy Officer Kerri M. Langlais reported equity compensation activity. On August 1, 2026, 500,000 restricted stock units vested and were settled into 500,000 shares of common stock. In connection with this vesting, 276,500 shares were disposed of to the issuer to cover taxes under a net-settlement election. She also reports indirect ownership of 864,701 common shares held by the Langlais Family 2021 GST Trust and 1,000,000 restricted stock units remaining subject to future vesting based on continued service.
Patrick Fleury, chief financial officer of TeraWulf Inc., converted 500,000 vested restricted stock units into 500,000 shares of common stock on August 1, 2026, following the first anniversary of August 1, 2025 as provided in the award terms. After this event he holds 1,000,000 restricted stock units, 500,000 common shares directly, and may be deemed to beneficially own 4,005,519 additional shares held by The Fleury-Reycroft Revocable Trust.
The remaining restricted stock units are scheduled to vest ratably on the second and third anniversaries of August 1, 2025, subject to his continued employment or service.
Vanguard Portfolio Management LLC, together with certain affiliates, reports beneficial ownership of Terawulf Inc common stock on a passive ownership basis. The group reports 22,404,941 shares beneficially owned, representing 4.52% of the class.
Vanguard Portfolio Management has sole voting power over 109,274 shares and sole dispositive power over 22,404,941 shares, with no shared voting or dispositive power reported. The holdings include securities held by Vanguard funds and other managed accounts over which the reporting entities exercise voting and/or dispositive power. No other single person’s interest in these securities exceeds 5%.
BlackRock, Inc. filed an amended Schedule 13G reporting beneficial ownership of 22,317,400 shares of TERAWULF INC common stock, representing 4.5% of the class. BlackRock reports sole voting power over 21,577,111 shares and sole dispositive power over 22,317,400 shares, with no shared voting or dispositive power.
Various underlying clients or investors may receive dividends or sale proceeds from these shares, but no single person is stated to hold more than five percent of TERAWULF INC’s outstanding common stock.
Bank of Nova Scotia, a Canadian parent holding company, reports beneficial ownership of 39,824,376 shares of TeraWulf Inc. common stock, representing 7.7% of the class of $0.001 par value shares.
The institution holds sole power to vote and to dispose of all reported shares, with no shared voting or dispositive power. It also certifies that its foreign regulatory scheme is substantially comparable to that of functionally equivalent U.S. institutions and agrees to provide additional information to Commission staff upon request.
TeraWulf Inc. disclosed two major AI infrastructure moves. Its subsidiary agreed a 20-year lease with Anthropic at the Justified Data Campus in Kentucky, providing about 401 MW of critical IT load for high-performance computing. The lease is expected to generate roughly $19 billion of contracted revenue over the initial term, with capacity delivered in phases starting in late 2027 and finishing in early 2028, and rent beginning as premises are delivered.
Separately, TeraWulf’s subsidiary agreed to sell its entire 50.1% interest in the Abernathy Joint Venture (FS CS I LLC) to a purchaser group led by Fluidstack for about $530 million, paid in three installments through April 2027. The company states this monetizes an approximately $450 million investment at a premium and releases capital to expand wholly owned AI infrastructure campuses.
TERAWULF INC. director and CEO Paul B. Prager reported an indirect open-market sale of Common Stock through an affiliated entity. Beowulf E&D Holdings Inc., an entity for which he is the sole manager, sold 137,500 shares of TeraWulf common stock at a weighted average price of $26.596 per share.
Following this sale, Beowulf E&D Holdings Inc. held 3,945,052 shares of TeraWulf common stock. The filing also lists other indirect holdings, including shares held by Allin WULF LLC, Stammtisch Investments LLC, Riesling Power LLC, and Heorot Power Holdings LLC, as well as 1,761,479 shares held directly in Prager’s name. Footnotes state that Prager may be deemed to beneficially own these indirect holdings but disclaims beneficial ownership except to the extent of his pecuniary interest.
Prager Lisa A. reported acquisition or exercise transactions in this Form 4 filing.
TERAWULF INC. director Lisa A. Prager received a stock grant of 1,013 shares of common stock as compensation. The shares were issued in lieu of cash retainers accrued since the beginning of the second fiscal quarter of 2026, using a reference price of $24.70 per share, the closing price on June 30, 2026. Following this award, she directly holds 311,510 common shares.