Bitcoin mining company TeraWulf completes $1.025 billion convertible preferred note issuance

Nasdaq-listed Bitcoin mining company TeraWulf announced that it has completed a $1.025 billion convertible preferred note issuance, exceeding the previously announced $900 million private placement scale. This includes $125 million in notes issued due to the granting of additional note purchase options to initial purchasers. After deducting expenses, the net proceeds are approximately $999.7 million. The new funds will be used for the construction of the Abilene data center campus in Texas and other corporate purposes.