TeraWulf (WULF) Acquires Beowulf Electricity & Data
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TeraWulf Acquires Beowulf Electricity & Data, Streamlining Corporate Structure
May 27, 2025 4:05 PM EDTEASTON, Md., May 27, 2025 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (TeraWulf or the Company), which owns and operates vertically integrated, next-generation digital infrastructure primarily powered by zero-carbon energy, announced today the acquisition of 100% of the membership interests of Beowulf Electricity & Data LLC and its affiliates (collectively, Beowulf E&D). The strategic transaction simplifies TeraWulfs corporate structure and eliminates a related-party relationship consolidating resources under a unified operating framework.
Transaction Overview
The total consideration for the transaction is approximately $52.4 million, consisting of $3 million in cash and 5 million shares of... More
