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TeraWulf proposes $500 million in convertible notes to fund Abernathy expansion
Yahoo Finance· 2025-10-29 19:55
TeraWulf (NASDAQ: WULF) intends to offer $500 million of convertible senior notes due 2032, with an option for initial purchasers to acquire up to an additional $75 million of notes within a 13-day launch period. Get these headlines directly to your inbox: subscribe to Blockspace. The company plans to use net proceeds to fund a portion of the construction costs for its data center campus in Abernathy, Texas. The notes will be senior unsecured obligations. Prior to February 1, 2032, conversions of the not ...