WULF
TeraWulf Inc.12.99
+0.50+4%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
Key Stats
Market Cap
5.44BP/E (TTM)
-Basic EPS (TTM)
-1.45Dividend Yield
0%Recent Filings
8-K
Flash upsizes $1.3B notes
TeraWulf's affiliate Flash Compute upsized its $1.3 billion senior secured notes due 2030 to 7.250% yield, announced December 18, 2025, with closing eyed for December 29 pending conditions. Big Country Wulf, a TeraWulf subsidiary, holds 50.1% of Flash Compute's parent. Notes fund via private Rule 144A placement. Market risks could derail close.
8-K
Flash Compute financing slides out
TeraWulf released updated investor slides on December 18, 2025, for Flash Compute's offering; its majority-owned sub pursues $450MM equity and $1.275Bn senior secured notes to fund Abernathy, Texas HPC data center campus. Projections show $1.467Bn initial rent, 84% NOI margin, debt dropping to $700MM by year 5 amid 50% excess cash flow sweeps. Financing risks loom large.
8-K
Flash Compute notes offering
TeraWulf's Flash Compute subsidiary launched a $1.275 billion senior secured notes offering due 2030, targeting qualified institutional buyers under Rule 144A and Reg S. The deal funds a data center campus in Abernathy, Texas, projecting $1.5B initial rent from Fluidstack while exposing TeraWulf to financing risks. Notes mature 2030.
8-K
Mandatory preferred stock conversion
TeraWulf triggered mandatory conversion of all Series A Convertible Preferred Stock into ~1.215 million common shares on December 9, 2025, after WULF stock topped $13.00 on five trading days versus the $10.00 conversion price. This simplifies the capital structure, ends preferred dividends, and lifts common shares outstanding to ~420 million from 419 million. Conversion eliminates overhang.
8-K
Q3 revenue jumps 87%
TeraWulf reported Q3 revenue up 87% to $50.6M, with $7.2M from initial HPC leases, yet posted a $455M net loss from warrant fair value changes. Signed $17B in Google-backed HPC contracts at Lake Mariner and formed Abernathy JV for 240MW. Secured over $5B financings. Targets 250–500MW new HPC annually. Execution drives growth.
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