Terawulf Inc.
TeraWulf Announces Upsize and Pricing of $900 Million Convertible Notes Offering
Summary
On October 29, 2025, TeraWulf Inc. announced the upsize and pricing of its private offering of $900 million aggregate principal amount of 0.00% Convertible Senior Notes due 2032. The offering, which will only be sold to qualified institutional buyers under Rule 144A, is expected to close on October 31, 2025. The Company intends to use the net proceeds to fund a portion of the cost of construction of a data center campus in Abernathy, Texas, and for general corporate purposes.
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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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