Bitcoin mining company TeraWulf will raise an additional $500 million by issuing convertible senior notes.

Odaily Planet Daily reports that Nasdaq-listed Bitcoin mining company TeraWulf announced it will raise an additional $500 million through a convertible senior note offering, and has also offered initial purchasers an option to purchase up to $75 million more in convertible bonds. The new funds will be used for data center construction and general corporate purposes. (Globenewswire)