According to Odaily Planet Daily, Nasdaq-listed digital asset mining company TeraWulf announced that the initial purchasers of its 1.00% convertible senior notes due 2031 have fully exercised their option to purchase an additional $150 million in principal amount of notes. The option was exercised on August 21, 2025, and the purchase was completed on August 22, 2025, bringing the total proceeds raised from the convertible notes sold in this offering to $1 billion. It is reported that the net proceeds from this offering, after deducting discounts, commissions, and estimated offering expenses, were approximately $975.2 million. TeraWulf used $100.6 million of the net proceeds to pay for the capped call option transactions, and the remaining net proceeds were used for the company's data center expansion and general corporate purposes. (Globenewswire)