Lates News

Nasdaq-listed mining company TeraWulf Inc. announced the completion of its previously disclosed public offering of 54.51 million common shares at a price of $19 per share (including an underwriters' full exercise of an over-allotment option of 7.11 million shares), raising approximately $1.036 billion. The company stated that the funds raised will primarily be used for the construction of its data center campus in Hawesville, Kentucky, as well as to repay bridge loans and support future site acquisitions and general corporate purposes. Morgan Stanley served as the lead underwriter for the offering, with Bank of America, Citigroup, TD Cowen, and Wells Fargo acting as joint bookrunners. TeraWulf highlighted its focus on sustainable energy-driven high-performance computing (HPC) and Bitcoin mining infrastructure construction, with plans to continuously expand low-carbon hashpower capabilities to meet the growing demand for AI and computing power.