Crypto Miner TeraWulf Aims for $500M Boost to Power Sustainable Texas Buildout

TLDR: TeraWulf plans a $500M private offering of convertible notes due 2032 to fund a Texas data center project. The firm may issue up to $75M extra in notes if demand exceeds initial placement. Convertible notes won’t bear interest and may convert into cash, stock, or both before maturity. Proceeds will fund TeraWulf’s Abernathy, Texas [...]

The post Crypto Miner TeraWulf Aims for $500M Boost to Power Sustainable Texas Buildout appeared first on Blockonomi.