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News  ›  GlobeNewswire Inc.

TeraWulf Inc. Announces Upsize and Pricing of $900 Million Convertible Notes Offering

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Terawulf Inc.
TeraWulf Inc. Announces Upsize and Pricing of $900 Million Convertible Notes Offering

TeraWulf is raising $900 million through a convertible notes offering, with proceeds intended to fund a data center campus in Texas and support general corporate purposes. The notes will mature in 2032 and have a 37.5% conversion premium.

Insights
JPMpM   neutral

Maintains a steady portfolio position at 4.0% of assets


WULF   positive

The company is securing significant financing ($900 million) to expand its infrastructure, indicating strategic growth and financial strength