Core Insights - TeraWulf Inc.'s subsidiary WULF Compute has priced a $3.2 billion private placement of 7.75% senior secured notes due 2030, expected to close on October 23, 2025 [1][2] - The proceeds from the offering will be used to fund part of the planned data center expansion at the Lake Mariner campus in Barker, New York, aimed at enhancing high-density computing capacity for HPC and AI workloads [2] - The notes will be fully guaranteed by WULF Compute's subsidiaries and secured by first-priority liens on all assets of WULF Compute and the guarantors [3] Financial and Operational Context - TeraWulf recently upsized a convertible notes offering to $850 million following a 10-year lease agreement with Fluidstack and Google [3] - At the time of publication, TeraWulf's stock was down 3.3% from the previous day's close [3]

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 200 points on Friday [1] Company-Specific Movements - Bitfarms Ltd (NASDAQ:BITF) shares fell 9.5% to $4.78 in pre-market trading after announcing the pricing of upsized $500 million convertible senior notes [1] - American Battery Technology Co (NASDAQ:ABAT) shares tumbled 19.8% to $4.55 in pre-market trading, following a 37% decline on Thursday due to the termination of a Department of Energy grant [3] - HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares dipped 18.2% to $4.78 in pre-market trading after a 14% decline on Thursday [3] - Standard Lithium Ltd (NYSE:SLI) shares declined 17.3% to $4.45 in pre-market trading after pricing a $130 million underwritten public offering [3] - Almonty Industries Inc (NASDAQ:ALM) slipped 16.4% to $7.11 in pre-market trading after a 12% dip on Thursday [3] - Mesoblast Ltd (NASDAQ:MESO) declined 13.7% to $15.63 in pre-market trading [3] - Jumia Technologies AG – ADR (NYSE:JMIA) shares fell 13.2% to $10.31 in pre-market trading [3] - Terawulf Inc (NASDAQ:WULF) shares fell 13.1% to $12.05 after reporting the pricing of $3.2 billion of senior secured notes [3] - Diginex Ltd (NASDAQ:DGNX) shares slipped 13.1% to $14.45 after an 18% decline on Thursday [3] - Aeluma Inc (NASDAQ:ALMU) shares fell 12.1% to $16.46 in pre-market trading [3] - Compass Diversified Holdings (NYSE:CODI) declined 11.7% to $6.60 in pre-market trading after an 8% gain on Thursday [3] - Integra Resources Corp (NYSE:ITRG) fell 11.3% to $2.89 in pre-market trading [3] - Forward Industries Inc (NASDAQ:FORD) fell 10.8% to $22.00 in pre-market trading [3] - Bruker Corp (NASDAQ:BRKR) declined 10.3% to $34.25 in pre-market trading [3] - Inter & Co Inc (NASDAQ:INTR) fell 10% to $8.04 in pre-market trading [3] - Hut 8 Corp (NASDAQ:HUT) fell 8.5% to $44.59 in pre-market trading after a 10% dip on Thursday [3] - Bitdeer Technologies Group (NASDAQ:BTDR) fell 8.2% to $23.75 in pre-market trading [3] - CleanSpark Inc (NASDAQ:CLSK) fell 7.5% to $18.49 in pre-market trading [3] - Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) fell 5.3% to $83.96 in pre-market trading [3]

Market Overview - U.S. stock futures are lower, with Dow futures dropping over 200 points on Friday [1] Company-Specific Movements - Bitfarms Ltd (NASDAQ:BITF) shares fell 9.5% to $4.78 in pre-market trading after announcing the pricing of upsized $500 million convertible senior notes [1] - American Battery Technology Co (NASDAQ:ABAT) shares tumbled 19.8% to $4.55 in pre-market trading, following a 37% decline on Thursday due to the termination of a Department of Energy grant [3] - HIVE Digital Technologies Ltd (NASDAQ:HIVE) shares dipped 18.2% to $4.78 in pre-market trading after a 14% decline on Thursday [3] - Standard Lithium Ltd (NYSE:SLI) shares declined 17.3% to $4.45 in pre-market trading after pricing a $130 million underwritten public offering [3] - Almonty Industries Inc (NASDAQ:ALM) slipped 16.4% to $7.11 in pre-market trading after a 12% dip on Thursday [3] - Mesoblast Ltd (NASDAQ:MESO) declined 13.7% to $15.63 in pre-market trading [3] - Jumia Technologies AG – ADR (NYSE:JMIA) shares fell 13.2% to $10.31 in pre-market trading [3] - Terawulf Inc (NASDAQ:WULF) shares fell 13.1% to $12.05 after reporting the pricing of $3.2 billion of senior secured notes [3] - Diginex Ltd (NASDAQ:DGNX) shares slipped 13.1% to $14.45 after an 18% decline on Thursday [3] - Aeluma Inc (NASDAQ:ALMU) shares fell 12.1% to $16.46 in pre-market trading [3] - Compass Diversified Holdings (NYSE:CODI) declined 11.7% to $6.60 in pre-market trading after an 8% gain on Thursday [3] - Integra Resources Corp (NYSE:ITRG) fell 11.3% to $2.89 in pre-market trading [3] - Forward Industries Inc (NASDAQ:FORD) fell 10.8% to $22.00 in pre-market trading [3] - Bruker Corp (NASDAQ:BRKR) declined 10.3% to $34.25 in pre-market trading [3] - Inter & Co Inc (NASDAQ:INTR) fell 10% to $8.04 in pre-market trading [3] - Hut 8 Corp (NASDAQ:HUT) fell 8.5% to $44.59 after a 10% dip on Thursday [3] - Bitdeer Technologies Group (NASDAQ:BTDR) fell 8.2% to $23.75 in pre-market trading [3] - CleanSpark Inc (NASDAQ:CLSK) fell 7.5% to $18.49 in pre-market trading [3] - Kratos Defense & Security Solutions Inc (NASDAQ:KTOS) fell 5.3% to $83.96 in pre-market trading [3]

Core Viewpoint - TeraWulf Inc. has announced a $3.2 billion offering of senior secured notes to finance the expansion of its data center at the Lake Mariner campus in New York, with the offering expected to close on October 23, 2025, subject to market conditions [1][2]. Group 1: Offering Details - The offering consists of 7.750% senior secured notes due in 2030, priced at par, and will be sold privately to qualified institutional buyers under Rule 144A of the Securities Act [1][5]. - The notes will be fully guaranteed by WULF Compute's subsidiaries and secured by first-priority liens on substantially all assets of WULF Compute and the Guarantors [3][4]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to finance a portion of the data center expansion at the Lake Mariner campus [2]. Group 3: Guarantees and Conditions - TeraWulf will provide customary completion guarantees to ensure the timely completion of the data center buildings involved in the expansion [4]. - The offering is subject to market and other conditions, with no assurance on the completion timeline or terms [4].

Core Insights - Bitcoin mining stock prices have surged recently, driven by market enthusiasm for miners engaging in AI ventures [1][7] Company Performance - Major bitcoin miners such as Bitdeer, Bitfarms, Hut 8, CleanSpark, and Core Scientific have seen significant price increases, with Bitdeer leading at a 27% rise [2] - Over the past week, Bitfarms has outperformed with a 66% increase, followed by Bitdeer at 29.5%, TeraWulf at 23.2%, Hut 8 at 21.4%, CleanSpark at 20.4%, and Cipher at 17.5% [3] - IREN has shown a remarkable performance, up 1,100% over the last six months, despite lagging behind peers in the weekly timeframe [4] Financial Developments - IREN has closed a $1 billion convertible note to support its AI business, with Cantor Fitzgerald setting a $100 price target based on its neocloud business and the potential of its Sweetwater campus [5] - Bitdeer announced plans to have 200 MW of critical IT load operational in Southeast Asia by the end of 2026, projecting an estimated annual recurring revenue of $2 billion [6] Market Trends - The bitcoin mining sector has been experiencing a strong upward trend since summer, largely due to the AI investment wave, leaving miners without AI or high-performance computing initiatives at a disadvantage [7]

Market Overview - The S&P 500 experienced a significant drop of over 4% last Friday due to escalating trade tensions from the Trump administration, leading to increased market volatility [1] - Major indices showed a partial rebound on Monday, but investors are preparing for further fluctuations related to the trade war [1] Terawulf Inc. (NASDAQ: WULF) - Terawulf has seen a remarkable stock increase of over 200% in the last three months, rising from $2 to $15, with a current market capitalization exceeding $6 billion [4] - The company focuses on sustainable energy systems for Bitcoin mining, differentiating itself from many peers [4] - The stock chart indicates support along the 14-day simple moving average (SMA), suggesting strength in the upward trend, but the Relative Strength Index (RSI) indicates overbought conditions [6][7] USA Rare Earth Inc. (NASDAQ: USAR) - USA Rare Earth has gained over 200% in the last three months, with a market capitalization of $4 billion, driven by speculation around its potential benefits from the trade war [8] - The stock has seen a 160% increase in the last 30 days alone, indicating strong bullish momentum [8] - The stock chart shows bullish confirmation on the Moving Average Convergence Divergence (MACD) indicator, although the RSI is also at overbought levels [10] Plug Power Inc. (NASDAQ: PLUG) - Plug Power's stock is approaching multi-year highs, recovering from a decline of over 70% since its peak in 2021 [11] - The company is well-positioned in the hydroelectric power sector, which has not been adversely affected by recent subsidy cuts [11] - The stock shows potential for a breakout, with the 14-day SMA acting as support, but remains a short-term trade rather than a long-term investment [13] Quantumscape Corp. (NYSE: QS) - Quantumscape has seen its market cap rise above $9.5 billion, with a stock increase of 220% year-to-date, despite not yet turning a profit [14] - The stock experienced a downturn from July to September but has shown signs of recovery since early September, with strong bullish momentum indicated by the MACD [16] - The upcoming earnings report on October 22 poses a risk to the current technical trend [16] Weibo Corp. (NASDAQ: WB) - Weibo has a market capitalization of $2.75 billion and generates annual sales of approximately $1.75 billion, trading at less than eight times earnings [17] - The stock has gained 40% since April but has recently declined nearly 10% due to profit-taking and breaking through support levels [19] - Despite sound long-term fundamentals, the stock is expected to face volatility until trade tensions stabilize [19]

Core Insights - TeraWulf's shares have increased by over 244% in the past year, indicating strong market performance and investor interest [1] Company Performance - The company's strategic shift towards high-performance computing is beginning to yield significant results, contributing to the rise in share price [1] - TeraWulf is currently in the process of constructing hundreds of units, which suggests expansion and growth in its operational capacity [1]

Group 1 - TeraWulf, a Bitcoin mining company, saw its shares rise over 10% due to financing news and an analyst's price-target increase [1] - The company announced plans to float $3.2 billion in senior secured notes, maturing in 2030, to institutional buyers [2] - The proceeds from the notes will be used to finance the expansion of its data center in New York [3] Group 2 - Analyst Michael Donovan raised TeraWulf's price target from $6.50 to $17 per share, maintaining a buy recommendation [3] - Lucid Capital Markets initiated coverage on TeraWulf with a buy recommendation and a price target of $25 per share [4]

Core Viewpoint - TeraWulf announced plans to issue $3.2 billion senior secured notes due in 2030, with net proceeds allocated for the expansion of its Lake Mariner data center in New York [1] Group 1: Company Performance - TeraWulf's stock rose nearly 9% on Tuesday and has increased by 169% year-to-date, currently trading at $15.21 [1] Group 2: Financial Strategy - The issuance of the senior secured notes is part of TeraWulf's development plan for expanding its sustainable digital infrastructure [1]

Core Viewpoint - TeraWulf's stock has seen a significant increase, rising nearly 9% on Tuesday and accumulating a 169% gain year-to-date, currently priced at $15.21 [1] Group 1: Company Developments - TeraWulf announced that its subsidiary plans to issue $3.2 billion in senior secured bonds maturing in 2030 [1] - The net proceeds from the bond issuance will be used for the expansion of the data center at the Lake Mariner site in New York [1] - TeraWulf operates as a vertically integrated owner and operator of sustainable digital infrastructure [1]