ConvertibleActive
0% Convertible Notes due 2032
WULF-May32
BTC Holdings
3 BTC
Total Debt
$7.03B
Leverage
1760488.8%
mNAV
37127.46x
Outstanding
$1.02B
Insufficient history
Issue date
2025-10-31
Principal
$1.02B
Coupon
0.00%
Maturity
2032-05-01
Conversion price
$19.94
Terms & Documentation
Terms
- BTC strategy
- No
- Ranking
- Senior unsecured
- Settlement
- Combination
- Payment frequency
- None (zero coupon)
- Rate type
- Fixed
- Forced conversion
- On or after May 6 2029 if stock >= 130% of conversion price for 20 of 30 consecutive trading days
- Put provision
- Fundamental change: holders may require repurchase at 100% of principal plus accrued special interest
- Use of proceeds
- Data center campus construction in Abernathy, Texas and general corporate purposes
Sources(1)
- Form 8-K (0.00% convertib…FilingForm 8-K (0.00% convertible notes closing)Item 1.01TeraWulf Inc. — 2025-10-31
Outstanding History
Outstanding history(1)
| As of | Event | Outstanding | Source |
|---|---|---|---|
| 2025-10-31 | Issuance | $1.02B | Form 8-K (0.00% convertib… |
- 2025-10-31 — $1,025,000,000Item 1.01 — filing — TeraWulf Inc.Source