InvestmentApr 14, 2026, 09:20 PM
TeraWulf Prices $900M Common Stock Offering, Upsized from $800M
AI Summary
TeraWulf Inc. announced the pricing of its public common stock offering, selling 47,400,000 shares at $19.00 each. The offering was upsized from $800 million to approximately $900 million in gross proceeds. The company intends to use the net proceeds to fund construction costs for its planned data center campus in Hawesville, Kentucky, including repaying its bridge credit facility, as well as for future site acquisitions and general corporate purposes.
Key Highlights
- Priced 47,400,000 shares at $19.00 per share.
- Gross proceeds of approximately $900 million, upsized from $800 million.
- Underwriters have 30-day option to purchase up to an additional 7,110,000 shares.
- Offering expected to close on April 16, 2026.