TeraWulf Launches $400M Convertible Note Offering
Synopsis
TeraWulf also announced that Fluidstack, a cloud-based AI infrastructure company, has exercised its lease expansion rights at the former’s Lake Mariner campus in western New York.
TeraWulf Inc. (WULF) on Monday announced plans to raise $400 million through a private offering of convertible senior notes due in 2031.
The offering, aimed at institutional investors, includes a provision allowing initial buyers to purchase an additional $60 million in notes within 13 days of issuance, depending on market conditions. Meanwhile, Fluidstack, a cloud-based AI infrastructure company, has exercised its lease expansion rights at TeraWulf’s Lake Mariner campus in western New York.
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