🔥TeraWulf to raise $900 million to expand AI data centers

On April 15, TeraWulf announced an issuance of 47.4 million shares at $19 per share, raising approximately $900 million to build a large data center campus in Hawesville, Kentucky, and to repay bridge financing and support subsequent expansion. TeraWulf management pointed out that high-performance computing hosting revenue has exceeded half, surpassing Bitcoin mining business for the first time, driving the company's revenue structure towards a more stable long-term cash flow.
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