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TERAWULF INC.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

WULF$12.38+8.9%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

PART I

As used in this Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (this “Annual Report”), the terms “Company,” “TeraWulf,” “we,” “us” or “our” refers to TeraWulf Inc., a Delaware corporation and its consolidated subsidiaries, unless otherwise indicated.

Part I

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.