TeraWulf Inc. (NASDAQ: WULF) announced on April 16 the completion of a $103.6 million stock offering, issuing 54.51 million shares at $19.00 per share. The offering included the full exercise of the underwriters’ over-allotment option for an additional 7.11 million shares. The proceeds will support the development of the Hawesville data center in Kentucky, repay bridge credit balances, and fund future site acquisitions. Morgan Stanley led the offering, with BofA Securities, Citigroup, TD Cowen, and Wells Fargo Securities serving as co-underwriters. This move occurs amid ongoing on-chain monitoring of capital inflows into infrastructure projects.

According to GlobeNewswire, TeraWulf Inc. (NASDAQ: WULF), a bitcoin mining company and HPC data center operator, announced on April 16 the completion of a public offering of 54.51 million shares of common stock at a price of $19.00 per share, including the full exercise of the underwriters’ over-allotment option for an additional 7.11 million shares, raising approximately $1.036 billion. TeraWulf stated that the proceeds will be used for the construction of the Hawesville data center campus in Kentucky, repayment of the outstanding balance under its transition credit facility, and future site acquisitions and general corporate purposes. The offering was led by Morgan Stanley as bookrunner, with BofA Securities, Citigroup, TD Cowen, and Wells Fargo Securities as joint bookrunners.