TeraWulf Inc. (WULF) closed a material definitive agreement on October 31, 2025, finalizing a private offering of 0.00% Convertible Senior Notes due 2032. The transaction secured aggregate principal of \(1.025 billion, yielding net proceeds of approximately \)999.7 million. These funds are designated primarily for the construction of the Abernathy, Texas data center campus and general corporate needs. WULF is identified as a vertically integrated, low-carbon digital infrastructure owner/operator serving HPC hosting and Bitcoin mining.
Key terms of the Notes, governed by an Indenture and offered
...