Summary by Moomoo AI
TeraWulf Inc., a company listed in the United States, has received comments from the Securities and Exchange Commission (SEC) regarding its Amendment No. 3 to the Registration Statement on Form S-3, which was filed on March 8, 2024. The SEC's letter, dated March 19, 2024, addressed to CEO Paul B. Prager, points out discrepancies in the aggregate amount of common shares being offered, as it does not match the amount shown in the company's fee table. Additionally, the SEC has requested revisions to the table titled 'Cost of mining - Analysis of costs to mine one bitcoin' found on pages 7-8 of the prospectus summary. The revisions should include mining equipment depreciation expenses in recent periods, ensuring consistency with the company's revised narrative disclosures. TeraWulf Inc. is expected to respond to the SEC's comments by amending the registration statement and providing the requested information. The SEC has indicated that further comments may follow after reviewing the company's amendments and responses.