Odaily News Bitcoin miner Terawulf proposes to raise $350 million through a private offering of convertible notes and will also grant the initial purchasers of the notes an option to pay an additional $75 million within 13 days of their issuance. The company has not yet finalized the pricing and interest rate for the offering, but said the notes will mature in 2030. Terawulf intends to use the proceeds from the offering for general corporate purposes and to repurchase its outstanding common stock for up to $200 million by December 2025. In a separate announcement on Wednesday, Terawulf said it would prioritize the share repurchase program after "disciplined capital expenditures aimed at supporting organic growth in HPC/AI, and evaluating strategic opportunities such as potential site acquisitions." (TheMinerMag)