Bitcoin mining company TeraWulf plans to issue $400 million in convertible bonds for data center expansion
Aug 18, 2025 20:28:40
according to GlobeNewswire, Bitcoin mining company TeraWulf (NASDAQ: WULF) announced plans to privately issue $400 million in convertible notes maturing in 2031, with an overallotment option of up to $60 million. The proceeds will be used for capped subscription transaction costs, data center expansion, and general corporate purposes.