Core Viewpoint - TeraWulf Inc. has announced the pricing and upsize of its offering of $900 million in 0.00% Convertible Senior Notes due 2032, aimed at funding a data center campus in Texas and general corporate purposes [1][3]. Group 1: Transaction Details - The offering consists of $900 million aggregate principal amount of Convertible Senior Notes, with a potential increase of up to $125 million if the initial purchasers exercise their option [7]. - The expected net proceeds from the offering are approximately $877.6 million, or about $999.7 million if the additional notes are fully purchased [3]. - The offering is set to close on October 31, 2025, pending customary closing conditions [7]. Group 2: Convertible Notes Characteristics - The Convertible Notes will be senior unsecured obligations, will not bear regular interest, and will mature on May 1, 2032 [4]. - The initial conversion rate is 50.1567 shares of common stock per $1,000 principal amount, equating to an initial conversion price of approximately $19.9375 per share, representing a 37.5% premium over the closing price of $14.50 on October 29, 2025 [5]. - Holders can require the company to repurchase their notes upon a fundamental change at a cash price of 100% of the principal amount plus any accrued special interest [8]. Group 3: Use of Proceeds - The net proceeds from the offering will be used to fund part of the construction costs for a data center campus in Abernathy, Texas, as well as for general corporate purposes [3]. Group 4: Company Overview - TeraWulf develops and operates environmentally sustainable, industrial-scale data center infrastructure in the U.S., focusing on high-performance computing and bitcoin mining [11].

Core Points - Lion Copper and Gold Corp. announced a non-brokered private placement of secured convertible debentures for gross proceeds of up to US$2,500,000 [1][2] - The debentures will have an interest rate of 12% per annum and will mature in 12 months, with a conversion price of US$0.0965 per share [2] - Proceeds from the offering will be used to purchase lands and associated mineral rights for the Company's Yerington area projects [2] - The repayment of the debentures will be secured against the lands and mineral rights purchased with the proceeds [2] - The Company will issue up to 25,906,735 common share purchase warrants, allowing holders to acquire shares at US$0.0965 for 60 months [3] - A related party transaction involves the issuance of debentures to an insider for US$450,000, relying on exemptions from formal valuation requirements [4] - All securities issued will be subject to a four-month statutory hold period and resale restrictions under US Securities laws [5][6] - The securities have not been registered under the United States Securities Act of 1933 and cannot be sold in the U.S. without registration or exemption [6] - Lion Copper and Gold Corp. is advancing its flagship copper project in Yerington, Nevada through an agreement with Nuton LLC, a Rio Tinto Venture [7]

Core Viewpoint - TeraWulf Inc. plans to offer $500 million in convertible senior notes due 2032 to fund the construction of a data center campus in Abernathy, Texas, and for general corporate purposes [1][3]. Group 1: Offering Details - The company intends to offer $500 million aggregate principal amount of convertible senior notes in a private offering to qualified institutional buyers [1]. - An option will be granted to initial purchasers to buy an additional $75 million of the notes within a 13-day period after the initial issuance [2]. - The offering is subject to market conditions, and there is no assurance regarding its completion or terms [2]. Group 2: Notes Characteristics - The convertible notes will be senior unsecured obligations and will not bear regular interest, maturing on May 1, 2032 [4]. - Prior to February 1, 2032, conversion of the notes will be subject to certain conditions and periods, after which they can be converted at any time until two trading days before maturity [4]. - The notes can be converted into cash, shares of common stock, or a combination of both at the company's discretion [5]. Group 3: Company Overview - TeraWulf develops and operates environmentally sustainable, industrial-scale data center infrastructure in the U.S., focusing on high-performance computing and bitcoin mining [8].

Core Viewpoint - Bitfarms Ltd. plans to offer US$300 million in convertible senior notes due 2031, with an option for initial purchasers to buy an additional US$60 million, subject to market conditions and Toronto Stock Exchange approval [1][10]. Summary by Sections Description of Notes - The convertible notes will be senior unsecured obligations, accruing interest semi-annually starting July 15, 2026, and maturing on January 15, 2031. They will be convertible under specific conditions before October 15, 2030, and at the holder's option thereafter [2][3]. Use of Proceeds - Net proceeds from the offering will be used for general corporate purposes and to cover costs associated with capped call transactions [4]. Capped Call Transactions - Bitfarms plans to enter into cash-settled capped call transactions to mitigate potential economic dilution from the convertible notes. These transactions will cover the number of common shares underlying the notes, with a cap targeted at a 125% premium to the last reported sale price of Bitfarms' common shares [5][6]. Market Impact - The capped call counterparties may engage in purchasing common shares or entering derivative transactions, which could influence the market price of the common shares and convertible notes [8]. Regulatory Compliance - The convertible notes and the common shares will not be registered under the U.S. Securities Act and will be offered only to qualified institutional buyers. Offers in Canada will be made under exemptions from prospectus requirements [9][10]. Company Overview - Bitfarms is a North American energy and digital infrastructure company focused on building and operating data centers for high-performance computing and Bitcoin mining, with a significant portion of its energy pipeline based in the U.S. [12][13].

Core Viewpoint - 3 E Network Technology Group Limited has amended its previously announced private placement of senior convertible secured notes, adjusting terms related to conversion and exercise prices to protect investor interests [1][2]. Group 1: Offering Details - The Offering, initially announced on June 9, 2025, involved three tranches of Notes and Warrants with a total principal amount of $7.4 million [2]. - The First Tranche Note has been amended to establish a Floor Price of $0.63, which is 20% of the Minimum Price as defined by Nasdaq Rules as of June 9, 2025 [2]. - The Warrant's exercise price has also been amended to not fall below the Floor Price, with provisions for cash compensation if the conversion or exercise price is below this threshold [2]. Group 2: Use of Proceeds - The net proceeds from the Offering will be utilized for general corporate and working capital purposes, as determined by the Company's Board of Directors [3]. Group 3: Company Overview - 3 E Network Technology Group Limited operates as a B2B IT business solutions provider, offering integrated software and hardware solutions through its subsidiaries [4]. - The Company has expanded its software solutions to various sectors, including food establishments, real estate, exhibition and conferencing, and clean energy utilities [4]. - The business comprises two main portfolios: software development and exhibition and conference services [4].

Core Points - Bit Digital announced the acquisition of approximately 31,057 Ethereum using proceeds from a $150 million convertible notes offering [2] - Following the announcement, shares increased by 1.87% in pre-market trading, reaching $3.81 [2] - The current trading price for Ethereum (ETH-USD) is $4,490.91 [2]

Core Viewpoint - Energy Fuels Inc. plans to offer $550 million in Convertible Senior Notes due 2031 to enhance financial flexibility and fund various development projects [1][3]. Group 1: Convertible Notes Offering - The company intends to offer $550 million aggregate principal amount of Convertible Senior Notes in a private placement, with an option for initial purchasers to buy an additional $82.5 million [1]. - The notes will be general senior unsecured obligations, accruing interest payable semiannually, and will be convertible into cash, common shares, or a combination thereof [2]. Group 2: Use of Proceeds - Net proceeds from the offering will be used for capped call transactions, funding development expenditures for the Phase 2 rare earth separations circuit expansion at the White Mesa Mill, and general corporate needs [3]. - Additional proceeds from any exercised options will also be allocated for capped call transactions and general corporate purposes [3]. Group 3: Capped Call Transactions - Energy Fuels plans to enter into capped call transactions to reduce potential dilution of common shares upon conversion of the notes [4]. - These transactions will cover the number of common shares initially underlying the notes and are subject to anti-dilution adjustments [4]. Group 4: Market Impact - The initial hedging activities related to the capped call transactions may influence the market price of common shares and the trading price of the notes [5][6]. - The option counterparties may adjust their hedge positions, which could further affect the market price of common shares and the notes [6]. Group 5: Company Overview - Energy Fuels is a leading U.S. producer of uranium, rare earth elements, and critical minerals, operating several uranium projects and the only licensed conventional uranium processing facility in the U.S. [11]. - The company is also involved in developing heavy mineral sands projects in Madagascar, Brazil, and Australia, and is exploring the recovery of medical isotopes for cancer treatments [11].

Core Insights - Denison Mines Corp. (NYSE:DNN) has garnered significant interest from hedge funds, positioning it as one of the top 12 uranium stocks to consider for investment [1] Financial Developments - On August 15, 2025, Denison Mines closed a $345 million upsized convertible notes offering, securing net proceeds of approximately $333 million to further its Wheeler River uranium project. The offering features a 4.25% coupon and a capped call strategy, which saves over $100 million in interest while minimizing dilution risk [2] - National Bank raised its price target for Denison Mines from $4.40 to $4.57 on August 18, 2025, maintaining an 'Outperform' rating. This reflects a strengthened balance sheet and renewed analyst confidence as the company prepares for a final investment decision on its Phoenix ISR uranium mine [3] Company Overview - Denison Mines Corp. is a Canadian uranium mining and development company focused on advancing its Wheeler River Project located in Saskatchewan's Athabasca Basin, recognized as one of the best uranium stocks [4]

Core Viewpoint - Nebius Group N.V. intends to offer $2.0 billion in convertible senior notes, divided into two series, to enhance its financial position and support growth initiatives [1] Group 1: Offering Details - The offering consists of $1.0 billion in convertible notes due in 2030 and another $1.0 billion in convertible notes due in 2032 [1]

Core Viewpoint - enCore Energy Corp. has successfully closed a $115 million USD offering of senior unsecured convertible notes, providing the company with long-term capital and flexibility for future operations [2][3] Group 1: Corporate Update - The company will host a corporate update on August 27, 2025, covering current operations in South Texas, the expansion of the Alta Mesa project, and details regarding the recent convertible notes offering [1] Group 2: Convertible Notes Details - The convertible notes have a maturity date of August 15, 2030, and bear a cash interest rate of 5.50% [2][3] - The company has the option to pay the principal in cash, common shares, or a combination thereof upon investor conversions [3] - enCore retains the right to redeem the notes early, compelling conversion if the stock price exceeds $4.28 USD for 20 out of 30 trading days starting August 21, 2028 [3] Group 3: Capped-Call Arrangement - A private capped-call arrangement has been established with leading banks to minimize future dilution from the notes, raising the effective conversion premium from 127.5% to 175% above the closing price prior to the announcement [4] - This strategy allows the company to diversify its investor base and raise capital without immediate dilution until the stock price exceeds approximately $4.52 USD per share [4] Group 4: Company Overview - enCore Energy Corp. is focused on providing clean, reliable, and affordable fuel for nuclear energy, being the only U.S. uranium company with multiple Central Processing Plants in operation [6] - The company utilizes in-situ recovery (ISR) for uranium extraction, a proven technology co-developed by its leadership [6] - Future projects include the Dewey-Burdock project in South Dakota and the Gas Hills project in Wyoming, alongside other non-core assets [7]