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  6. TeraWulf Acquires Beowulf Electricity & Data

M&A Deal Summary

TeraWulf Acquires Beowulf Electricity & Data

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2025-05-27
Target Beowulf Electricity & Data
Sector Information Technology
Buyer(s) TeraWulf
Deal Type Add-on Acquisition
Deal Value 52M USD

Target

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(S) 1

Buyer

TeraWulf

Easton, Maryland, United States
Category Company
Founded 2021
Sector Business Services
Employees12
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 STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Maryland M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 1
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