EASTON, Md. — October 31, 2025 — Leads & Copy —TeraWulf Inc. (Nasdaq: WULF) has completed its offering of 0.00% Convertible Senior Notes due 2032, raising $999.7 million after deductions.
The aggregate principal amount of notes sold in the offering was $1.025 billion, which includes $125 million aggregate principal amount of notes issued pursuant to an option to purchase additional notes granted to the initial purchasers. The company plans to use the funds to construct a data center campus in Abernathy, Texas, and for general corporate purposes. The offering was made privately to qualified institutional buyers under Rule 144A of the Securities Act of 1933.
TeraWulf is an owner/operator of vertically integrated, low-carbon digital infrastructure for HPC hosting and bitcoin mining.
Investors: Investors@terawulf.com
Media: media@terawulf.com
Source: TeraWulf Inc.
