Corporate ActionApr 14, 2026, 04:27 PM
TeraWulf Announces $800M Common Stock Offering
AI Summary
TeraWulf Inc. announced its intention to make an offering of $800 million of its common stock, with underwriters having a 30-day option to purchase up to an additional $120 million. The company plans to use the net proceeds to finance a portion of the construction of a data center in Hawesville, Kentucky, including full repayment of its bridge credit facility. Funds will also be allocated for future site acquisitions and general corporate purposes, with Morgan Stanley acting as lead bookrunning manager.
Key Highlights
- Intends to offer $800 million of common stock.
- Underwriters have option for additional $120 million.
- Proceeds to fund Kentucky data center construction.
- Also for bridge credit facility repayment and site acquisitions.