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I just found out that TeraWulf closed a pretty big funding round: $1.03B raised through the sale of common shares at $19 each.
It's not a small feat for a Bitcoin miner listed on Nasdaq.
The interesting part is who got involved here. Morgan Stanley leading the deal, followed by Bank of America, Citigroup, TD Cowen, Wells Fargo... basically the heavyweights.
Even Santander and Cantor Fitzgerald got in on the action.
When you see that lineup of banks coordinating the sale of common shares, you know the deal carries weight.
I don't know, it seems like TeraWulf is in expansion mode.
Those billion dollars aren't raised by just anyone.
What do you all think they’re going to do with the money?