TERAWULF INC.

TeraWulf reported a significant net loss of $939.9 million for Q2 2026, primarily driven by a $(755.7) million change in the fair value of warrants. Total revenue for the quarter decreased to $44.8 million from $47.6 million year-over-year, despite a substantial increase in HPC lease revenue to $31.9 million. The company also reported negative cash flow from operations and continued its strategic expansion into high-performance computing with several acquisitions.

TeraWulf Inc. announced its second quarter 2026 financial results, highlighting significant strategic expansion and strong liquidity. The company secured a 20-year data center lease with Anthropic for approximately 401 MW, valued at ~$19 billion in contracted revenue, and acquired the gigawatt-scale Muskie Data Campus. Additionally, TeraWulf agreed to monetize its Abernathy Joint Venture interest for ~$530 million. The company reported Q2 revenue of $44.8 million, with HPC leasing contributing 71%, and maintained substantial liquidity with $3.0 billion in cash and restricted cash.

TeraWulf Inc. announced the acquisition of the Muskie Data Campus, a hyperscale development site in Eastern Kentucky, from Industrial Equity Partners. This acquisition significantly expands TeraWulf's portfolio, with the site expected to support over 1 gigawatt of data center capacity, with initial 500 MW ramping in H2 2028 and another 500 MW in H2 2030. The campus features robust power infrastructure, including a new 345 kV substation, and aligns with TeraWulf's strategy of securing large-scale, power-advantaged sites for AI and high-performance computing workloads.

TeraWulf Inc. reported first-quarter 2026 revenue of $34.0 million, including $21.0 million from HPC lease revenue, marking a significant transition towards a contracted revenue model. Despite a substantial net loss of $(427.7) million, the company maintained a strong liquidity position with $3.1 billion in cash and restricted cash. Operational highlights include 60 MW of critical IT HPC capacity online and the acquisition of a large-scale site in Hawesville, Kentucky, with 480 MW of immediate power access.

TeraWulf Inc. announced its first quarter 2026 financial results, reporting $34.0 million in revenue, including $21.0 million from HPC lease revenue, marking a significant transition towards a contracted revenue model. The company reported a net loss of $(427.7) million for the quarter. Operationally, TeraWulf advanced its HPC development, with 60 MW of critical IT capacity energized at Lake Mariner, and expanded its development pipeline with the acquisition of a 480 MW site in Hawesville, Kentucky. The company also closed a $250 million revolving credit facility to support its growth strategy.

TeraWulf Inc. announced that members of its senior management team are scheduled to participate in four investor conferences and events throughout May 2026. These engagements include the Needham Tech, Media, Consumer Conference, AIM Summit, B Riley 26th Annual Institutional Investor Conference, and TD Cowen TMT Conference. The company, which develops and operates sustainable data center infrastructure for high-performance computing and bitcoin mining, regularly engages with the investment community.

TeraWulf Inc. announced it will host its earnings conference call and webcast for the first quarter ended March 31, 2026, on Friday, May 8, 2026, at 8:00 a.m. Eastern Time. A press release detailing the Company's financial results will be issued prior to the call on the same day. The announcement includes details for participating in the live event and accessing the replay.

TeraWulf Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 9, 2026, at 11:00 A.M. ET. Stockholders will vote on the election of nine directors, a non-binding advisory resolution on executive compensation, and the ratification of Deloitte & Touche LLP as the independent auditor for fiscal year 2026. The Board recommends voting for all proposals.

TeraWulf Inc. successfully closed a public offering of 47,400,000 shares of its common stock at $19.00 per share. The offering, which included the sale of optional shares to underwriters, generated approximately $1,004.3 million in net proceeds for the company. This capital infusion is expected to strengthen the company's financial position.

TeraWulf Inc. announced the closing of its public offering of 54,510,000 shares of common stock at $19.00 per share, including the full exercise of the underwriters' option. The offering generated approximately $1.03 billion in gross proceeds. The company intends to use the net proceeds to fund a portion of the construction costs for its planned data center campus in Hawesville, Kentucky, including the full repayment of its bridge credit facility, as well as for future site acquisitions and general corporate purposes. This capital raise supports TeraWulf's expansion plans and strengthens its financial position.