{"url_path":"/sec/wulf/8-k/2026-07-06/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.**","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-07-06","source_url":"https://www.sec.gov/Archives/edgar/data/1083301/0001104659-26-080583-index.html","accession_number":"0001104659-26-080583","cik":"0001083301","ticker":"WULF","issuer_name":"TERAWULF INC.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1083301/0001104659-26-080583-index.html","primary_entity_key":"0001083301","primary_entity_name":"TERAWULF INC."},"word_count":415,"has_tables":true,"body_markdown":"**Item 8.01. Other Events.**\n\n \n\n*Justified Data Campus Lease*\n\n \n\nOn July 6, 2026,\nTeraWulf Inc. (the “Company”) announced that its subsidiary Raylan Data LLC (the “Landlord”) entered into a\n20-year lease agreement (the “Justified Data Campus Lease”) with Anthropic PBC (“Anthropic”), as tenant.\nUnder the Justified Data Campus Lease, the Landlord will provide Anthropic with approximately 401 MW of critical IT load for\nhigh-performance computing (“HPC”) operations at the Company’s data center campus located in Hawesville, Kentucky\n(the “Justified Data Campus”). Delivery of the leased capacity is expected to occur in phases beginning in late 2027 and\nconcluding in early 2028. Anthropic’s obligation to pay rent under the Justified Data Campus Lease will commence upon the\ndelivery of the applicable leased premises and continue for a term of 20 years thereafter, subject to Anthropic’s option to\nextend the term for up to an additional ten years through two successive five-year renewal options. Anthropic’s payment\nobligations under the Justified Data Campus Lease are expected to be supported by an investment-grade credit.\n\n \n\n*Abernathy Transaction*\n\n \n\nOn July 6, 2026 (the\n“Closing Date”), the Company announced that Big Country Wulf LLC, a subsidiary of the Company (the “TeraWulf\nMember”), entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”) with Fluidstack CS I\nInc. (“Fluidstack”) and certain other purchasers (together with Fluidstack, the “Purchasers”), pursuant to\nwhich the TeraWulf Member agreed to sell to the Purchasers, and the Purchasers agreed to purchase from the TeraWulf Member, all of\nthe TeraWulf Member’s equity interests in FS CS I LLC (the “Transaction”). The aggregate consideration payable to\nthe TeraWulf Member in the Transaction is approximately $530 million, payable in three installments: (i) $250 million within\n14 days following execution of the Purchase Agreement, (ii) $150 million on or before December 31, 2026, and\n(iii) approximately $130 million, subject to certain adjustments, on or before April 30, 2027.\n\n \n\nIn connection with the Transaction,\nthe TeraWulf Member, FS CS I LLC, and the Purchasers have each agreed to provide mutual releases of claims, subject to the terms and conditions\nset forth in the Purchase Agreement. Upon consummation of the Transaction, TeraWulf Member will cease to own any equity interests in FS\nCS I LLC, subject to certain surviving rights and obligations as set forth in the Purchase Agreement.\n\n \n\nOn July 6, 2026, the\nCompany issued a press release announcing the Justified Data Campus Lease and the Transaction. A copy of the press release is attached\nhereto as Exhibit 99.1 and incorporated herein by reference."}