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Bitcoin Miner TeraWulf Aims to Raise $575 Million to Fund Google-Backed AI Ambitions

Nasdaq-listed Bitcoin miner TeraWulf is aiming to raise 575milliontohelpfunditsGooglebackeddatacenterambitions,accordingtoacompanyannouncementonWednesday. Thefundingwillberaisedvia575 million to help fund its Google-backed data center ambitions, according to a company announcement on Wednesday.  The funding will be raised via 500 million of convertible notes with plans to raise another $75 million in debt after the first offering. Convertible notes are a form of debt that can be converted into a company's stock or cash by an investor.  TeraWulf on Tuesday said it was expanding its partnership with AI compute company Fluidstack ...