Bitcoin Miner TeraWulf Completes Approximately $1.035 Billion Public Offering

Odaily reported, according to Jinse Finance, Nasdaq-listed Bitcoin mining company TeraWulf announced the completion of its previously announced public offering of 54,510,000 shares of common stock. The offering price was $19.00 per share, raising a total of $1,035,690,000. Morgan Stanley acted as the sole book-running manager for the offering. BofA Securities, Citigroup, TD Cowen, and Wells Fargo Securities acted as joint book-running managers. Citizens Capital Markets and Santander acted as co-managers, with Cantor Fitzgerald serving as the equity capital markets advisor.

TeraWulf plans to use the net proceeds from the offering to pay for part of the construction costs of its planned data center campus in Horseville, Kentucky, including fully repaying the outstanding amounts under its interim credit facility, as well as for future site acquisitions and general corporate purposes. (Globenewswire)