Investornewsbreaks Terawulf Inc. (NASDAQ: WULF) Completes $1 Billion Convertible Notes Offering Following Full Greenshoe Exercise

(MENAFN- Investor Brand Network) 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.

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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.

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