Bitcoin miner TeraWulf announces plans to raise $400 million to expand data center
2025-08-18 11:55:21
Nasdaq-listed bitcoin miner TeraWulf announced plans to raise $400 million in a rights issue based on market conditions and other factors. The company also expects to grant initial purchasers of convertible bonds an option to purchase up to an additional $60 million in convertible bond principal within 13 days of the initial issue date. The new funds are intended to be used for data center expansion and general corporate purposes.
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