TeraWulf Inc. Announces Closing of $1.025 Billion 0.00% Convertible Notes Offering

Core Points - TeraWulf Inc. has completed a private offering of $1.025 billion in 0.00% Convertible Senior Notes due 2032, aimed at qualified institutional buyers [1] - The net proceeds from this offering are approximately $999.7 million, which will be used for constructing a data center campus in Abernathy, Texas, and for general corporate purposes [2] - TeraWulf focuses on developing environmentally sustainable, industrial-scale data center infrastructure in the U.S., specifically for high-performance computing and bitcoin mining [3]