Bitcoin mining company TeraWulf completes $1.025 billion convertible senior notes offering
Jinse Finance reported that Nasdaq-listed bitcoin mining company TeraWulf announced the completion of a $1.025 billion convertible senior notes offering, exceeding the previously announced $900 million private placement. This includes $125 million in notes issued pursuant to the initial purchasers' option to purchase additional notes. After deducting expenses, the net proceeds are close to $1 billion. The new funds will be used for the construction of the Abernathy data center campus in Texas and other corporate purposes.
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