Add-on Acquisition • Information Technology

TeraWulf Acquires Beowulf Electricity & Data

On May 27, 2025, TeraWulf acquired information technology company Beowulf Electricity & Data for 52M USD

Acquisition Context

This is TeraWulf’s 1st transaction in the Information Technology sector.
This is TeraWulf’s largest (disclosed) transaction.
This is TeraWulf’s 1st transaction in the United States.
This is TeraWulf’s 1st transaction in Maryland.

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M&A Deal Summary
Date	May 27, 2025
Target	Beowulf Electricity & Data
Sector	Information Technology
Buyer(s)	TeraWulf
Deal Type	Add-on Acquisition
Deal Value	52M USD

Target Company

Beowulf Electricity & Data

Easton, Maryland, United States

Beowulf Electricity & Data specializes in energy and digital infrastructure services, focusing on power generation, electrical infrastructure, and high-performance computing (HPC) facilities. Beowulf Electricity & Data is based in Easton, Maryland.

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Buyer Overview 1

Buyer

TeraWulf

Easton, Maryland, United States

Category	Company
Founded	2021
Sector	Business Services
Employees	12
Revenue	140M USD (2024)

DESCRIPTION

TeraWulf owns and operates fully integrated environmentally clean cryptocurrency mining facilities in the United States. The Company provides domestically produced bitcoin powered by more than 90% zero-carbon energy to utilize 100% zero-carbon energy. TeraWulf was founded in 2021 and is based in Easton, Maryland.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Information Technology	1 of 1
Type: Add-on Acquisition	1 of 1
State: Maryland	1 of 1
Country: United States	1 of 1
Year: 2025	1 of 1
Size (of disclosed)	1 of 1

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