Bitcoin mining company TeraWulf completes approximately $1.035 billion equity offering

According to a report by Golden Finance, Nasdaq-listed Bitcoin mining company TeraWulf announced the completion of its previously disclosed 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 lead underwriter for the offering, with BofA Securities, Citigroup, TD Cowen, and Wells Fargo Securities serving as joint underwriters. Citizens Capital Markets and Santander Bank acted as co-managers, and Cantor Fitzgerald served 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 Horse Cave, Kentucky, including the full repayment of outstanding amounts under its interim credit facility, as well as for future site acquisitions and general corporate purposes. (Globenewswire)