TeraWulf’s focus on raising capital through institutional buyers suggests confidence in its future despite volatile cryptocurrency markets.
TeraWulf, a digital infrastructure company specializing in zero-carbon energy solutions for Bitcoin mining, announced a private offering of $350 million in convertible senior notes due 2030.
In an Oct. 23 announcement, the United States-based company said it plans to raise additional funds through institutional investors to bolster its capital structure, enhance stockholder value and support its corporate objectives.
The convertible notes, which are expected to be issued under Rule 144A of the Securities Act of 1933, will offer investors an opportunity to convert the debt into TeraWulf’s common stock under certain conditions.
