TeraWulf completes $800 million stock offering to fund Kentucky data center construction

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Deep Tide TechFlow news. On April 17, according to GlobeNewswire, Bitcoin mining company and HPC data center operator TeraWulf Inc. (NASDAQ: WULF) announced on April 16 that it had completed a public stock offering, issuing 54.51 million shares of common stock at a price of $19.00 per share, with full exercise of the underwriters’ over-allotment option (an additional 7.11 million shares), raising approximately $1.036 billion in total. TeraWulf said the proceeds will be used to build the Hawesville data center campus in Hawesville, Kentucky, repay the balance of the transitional credit facility, for future site acquisitions, and for general corporate purposes. The offering was led by Morgan Stanley as the lead underwriter, with BofA Securities, Citigroup, TD Cowen, and Wells Fargo Securities participating jointly.

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