On December 27, 2023, TeraWulf Inc., a company specializing in cryptocurrency mining, received comments from the United States Securities and Exchange Commission (SEC) regarding Amendment No. 1 to its Registration Statement on Form S-3, initially filed on December 1, 2023. The SEC's letter to CEO Paul B. Prager requested further revisions and detailed information in response to their review. Specifically, the SEC asked TeraWulf to provide a comprehensive description and quantification of the types of miners at the Lake Mariner Facility, disclose the average downtime for maintenance at the Nautilus Cryptomine Facility, and present a detailed breakeven analysis that includes both the Lake Mariner and Nautilus Cryptomine Facilities. The SEC also sought clarification on how the cost of purchasing mining equipment and any associated financing costs are factored into TeraWulf's breakeven analysis. TeraWulf is expected to amend its registration statement and respond to the SEC's comments to proceed with the registration process.

On December 27, 2023, TeraWulf Inc., a company specializing in cryptocurrency mining, received comments from the United States Securities and Exchange Commission (SEC) regarding Amendment No. 1 to its Registration Statement on Form S-3, initially filed on December 1, 2023. The SEC's letter to CEO Paul B. Prager requested further revisions and detailed information in response to their review. Specifically, the SEC asked TeraWulf to provide a comprehensive description and quantification of the types of miners at the Lake Mariner Facility, disclose the average downtime for maintenance at the Nautilus Cryptomine Facility, and present a detailed breakeven analysis that includes both the Lake Mariner and Nautilus Cryptomine Facilities. The SEC also sought clarification on how the cost of purchasing mining equipment and any associated financing costs are factored into TeraWulf's breakeven analysis. TeraWulf is expected to amend its registration statement and respond to the SEC's comments to proceed with the registration process.