TeraWulf Secures $1.025 Billion for Texas Data Center Expansion

TeraWulf Inc. has closed a significant financing round of $1.025 billion, securing the capital to support the development of a large-scale data center campus in Abernathy, Texas. The funds will be used for both immediate construction and general corporate expenditures. This substantial investment underscores TeraWulf’s dedication to expanding its Bitcoin mining infrastructure. Institutional investors were instrumental in driving this offering.