Every material Form 8-K TERAWULF INC. has filed with the SEC since October 05, 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
TeraWulf reported third-quarter 2026 revenue of $76.2 million, up from $50.6 million a year earlier, with HPC lease revenue of $63.0 million. Net income attributable to the company was $709.9 million, driven mainly by a non-cash $728.4 million change in fair value of warrant and derivative liabilities, while operating loss widened to $88.2 million and non-GAAP Adjusted EBITDA was $(12.8) million.
Q3 revenue $76.2 million vs. $50.6 million a year earlier; HPC lease revenue $63.0 million
Net income attributable to TeraWulf $709.9 million, including a $728.4 million warrant fair value gain; operating loss $88.2 million vs. $24.7 million a year earlier
Adjusted EBITDA $(12.8) million vs. $18.1 million a year earlier; $2.4 billion cash, cash equivalents and restricted cash at quarter-end
TeraWulf's subsidiary Raylan Data LLC has a 20-year lease with Anthropic for about 401 MW of computing capacity at the Hawesville, Kentucky campus. On November 4, 2026, Google agreed to backstop certain Anthropic lease obligations, which TeraWulf says supports debt financing for the project, and the company also signed a definitive construction agreement with Fluor. Shareholders would see a larger effect if Google exercised its termination-fee option, which would give Google an equity interest in Raylan.
Google backstops certain Anthropic obligations under three Justified Leases (CB-1, CB-2 and CB-3), effective when the final data hall commences.
If Anthropic defaults or becomes insolvent, Google may pay rent and assume the lease, or pay a termination fee that would give Google an equity interest in Raylan.
Anthropic lease covers approximately 401 MW of critical IT load, with phased delivery expected from late 2027 through the second quarter of 2028.
Fluor Enterprises signed a definitive EPC agreement covering engineering, procurement and construction for three data center buildings at Justified.
TeraWulf entered into an amendment to its existing revolving credit agreement with Morgan Stanley Senior Funding as administrative agent, increasing total commitments from $250 million to about $400 million as of October 23, 2026. The amendment also adds an uncommitted accordion feature of about $150 million and removes the $150 million sublimit for letters of credit, while allowing collateral release under certain conditions. The filing describes a larger, more flexible borrowing capacity, though it does not state how the company plans to use it.
Total revolving commitments rise from $250 million to about $400 million on the October 23, 2026 Effective Date.
An uncommitted accordion feature could add about $150 million more, subject to additional lender commitments and other conditions.
The $150 million sublimit on letters of credit is eliminated.
The amendment provides for release of collateral from the agent's security interest upon certain conditions; the full amended agreement will be filed with the Form 10-Q for the quarter ending September 30, 2026.
TeraWulf said its subsidiary signed amended and restated power agreements with Kentucky Power that raise contracted capacity at its Muskie Data Campus in Kentucky from 500 MW to 1 GW. The filing also says the second 500 MW phase is now planned for delivery in 2029 instead of 2030, subject to Kentucky Public Service Commission approval, and the company plans to seek more senior secured financing, with no assurance it will obtain it.
Contracted power at Muskie rises from 500 MW to 1 GW under agreements executed October 1, 2026.
Second 500 MW phase delivery moves from 2030 to 2029, subject to Kentucky Public Service Commission approval and Kentucky Power's construction schedule.
First 500 MW phase remains targeted to begin ramping in 2028.
TeraWulf plans to upsize its senior secured revolving credit facility and seek additional senior secured debt for letter of credit needs; the filing gives no assurance the financing will be obtained.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every TERAWULF INC. filing is on SEC EDGAR ↗. 8-K briefs of other companies →