mstock brokerage - TeraWulf Completes $103.6M Stock Offering to Fund Kentucky Data Center Expansion
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.Source:Show originalDisclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.

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