InfraCompute / Deals
TeraWulf: Convertible notes
Convertible financing for TeraWulf, 31 October 2025.
Key terms
- Borrower or issuer
- TeraWulf
- Date
- 31 October 2025
- Structure
- Convertible financing
- Amount
- US$1.02bn
- Pricing
- 0% coupon; converts at about US$19.94
- Maturity
- 1 May 2032
Recorded terms
- Lender type
- Bonds and securitisationsStructure: convertible
- Conversion terms
- Initial conversion rate 50.1567 shares per US$1,000 (about US$19.94 a share).
- Security
- senior unsecured obligations
- Maturity
- 1 May 2032
- Currency
- USDAs of 31 October 2025
Dated historical disclosure; not current exposure.
- Event date
- 31 October 2025As of 31 October 2025
Dated historical disclosure; not current exposure.
- Oid price pct
- 100As of 31 October 2025
Dated historical disclosure; not current exposure.
- Maturity
- 1 May 2032As of 31 October 2025
Dated historical disclosure; not current exposure.
- Security
- senior unsecured obligationsAs of 31 October 2025
Dated historical disclosure; not current exposure.
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from TeraWulf
Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 1
- Governing law
- New York law
- Quoted in the clause and contract libraries
- 0
This Note shall be construed and enforced in accordance with, and all questions concerning the construction, validity, interpretation and performance of this Note shall be governed by, the internal laws of the State of New York, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New York or an
From the Convertible Note Purchase Agreement (EX-10.1), filed with the SEC.
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| Convertible Note Purchase Agreement (EX-10.1) | 24 June 2024 | New York law | – |
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Sources
- TeraWulf October 31 2025 Form 8-KSource date: 31 October 2025
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
