TERAWULF INC.

TeraWulf is a vertically integrated owner, developer, and operator of large-scale digital infrastructure in the United States. The company's infrastructure is specifically designed to support high-performance computing (HPC) workloads, including artificial intelligence (AI), machine learning, and advanced cloud applications. TeraWulf controls infrastructure at a utility scale, combining compute-optimized facilities with reliable, long-duration power resources. This involves controlling land use through ownership or long-term ground leases, along with interconnection rights, electrical and cooling infrastructure, and, where applicable, on-site generation. The company provides resilient, cost-efficient capacity to hyperscale and enterprise customers through long-term hosting arrangements. TeraWulf's contracted HPC platform includes two primary campuses: the Lake Mariner Data Campus in Barker, New York, within the New York Independent System Operator (NYISO) market, and the Abernathy HPC Campus in Abernathy, Texas, within the Southwest Power Pool (SPP). Both campuses are engineered for phased, large-scale deployments of liquid-cooled, hyperscale compute and are supported by long-term contractual arrangements with credit-enhanced counterparties. Together, these campuses have contracted 522 MW of critical IT load. Additionally, the company holds a long-term ground lease in Lansing, New York, for the Cayuga Site. Upon completion of permitting and site development, the Cayuga Site has the potential to support up to 400 MW of gross capacity, representing approximately 320 MW of contractual critical IT load. The Cayuga Site provides a third anchor location with existing interconnection and supporting infrastructure.