TeraWulf Inc. (NASDAQ: WULF), a vertically integrated, zero-carbon digital infrastructure operator, announced the initial purchasers of its 1.00% Convertible Senior Notes due 2031 fully exercised their option to buy an additional $150 million of notes, bringing the total offering to $1.0 billion. Net proceeds were about $975.2 million after expenses, with $100.6 million used to fund capped call transactions and the remainder allocated to data center expansion and general corporate purposes. Roth Capital Partners acted as co-manager for the offering.
To view the full press release, visit https://ibn.fm/6zBGc
About TeraWulf
TeraWulf develops, owns, and operates environmentally sustainable, industrial-scale data center infrastructure in the United States, purpose-built for high-performance computing (HPC) hosting and bitcoin mining. Led by a team of veteran energy infrastructure entrepreneurs, TeraWulf is committed to innovation and operational excellence, with a mission to lead the market in large-scale digital infrastructure by serving both its own compute requirements and those of top-tier HPC clients as a trusted hosting partner.
For more information on the Company, visit https://www.terawulf.com/
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