TeraWulf Secures $400 Million Through Stock Offering

Nasdaq-listed Bitcoin mining company TeraWulf has announced plans to raise up to $400 million through a stock offering, subject to market conditions and other factors. The company is also offering initial purchasers of convertible bonds the option to buy an additional $60 million in principal within 13 days of the initial issuance. These funds will be used for expanding their data center infrastructure and general corporate operations.