TeraWulf Secures $1 Billion in Funding for Texas Data Center

TeraWulf, a Nasdaq-listed Bitcoin mining company, recently raised $1 billion through a convertible senior note offering to finance a major data center expansion in Abernathy, Texas. The financing represents a significant vote of confidence from investors in TeraWulf’s strategy shift towards digital infrastructure and high-performance computing. This funding will fuel the construction of the new facility, bolstering the company’s capabilities as it seeks to capitalize on growing market demand for data center services.