Terawulf Inc.
TeraWulf Inc. Completes $850 Million Convertible Notes Offering
Summary
On August 20, 2025, TeraWulf Inc. completed its previously announced private offering of 1.00% Convertible Senior Notes due 2031, totaling $850 million. The Company intends to use approximately $85.5 million of the net proceeds to pay the cost of capped call transactions, with the remaining net proceeds used to fund a portion of the Company's data center expansion and for general corporate purposes. The notes are convertible into shares of the Company's common stock and are subject to certain conversion and redemption terms.
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Exhibits (2)
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About Terawulf Inc.
Terawulf Inc. is a company specializing in sustainable crypto mining practices, an increasingly important aspect of the burgeoning blockchain and cryptocurrency sectors. Terawulf operates by harnessing environmentally conscious solutions to power its data centers, aimed at reducing the carbon footprint typically associated with cryptocurrency mining operations. This commitment to sustainability is reflected in their strategic choice of locations and energy sources, often leveraging renewable resources to fuel mining activities. The company's operations are crucial in addressing the environmental concerns within the crypto industry, striving to make digital currencies more eco-friendly. Positioned at the intersection of tech innovation and environmental stewardship, Terawulf plays a significant role in pushing the market towards greener technological solutions and supports the broader adoption of digital assets by reducing the environmental impact of their production.
Official SEC Documents
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