Bitcoin mining company TeraWulf expands its private placement to $900 million._Amazon Finance

Bitcoin mining company TeraWulf expands its private placement to $900 million.

2025-10-30 20:00:58 Primitive Reading

　 bitcoin mining company TeraWulf announced that it will expand its private placement size to $900 million and set the terms of the issuance. This issuance is for 0% convertible preferred notes, with an additional $125 million oversubscription limit and a maturity date of 2032. The issuance is an extension of the company's previously disclosed $500 million financing plan, with initial purchasers having the right to exercise additional subscription rights within 13 days. The company stated that the conversion premium for these zero coupon notes is 37.5%, calculated at a closing price of $14.5 on Wednesday, with an initial conversion price of approximately $19.94 per share. If all oversubscription rights are exercised, the total financing amount will reach approximately $999.7 million, with the funds being used for the construction of the Abilene data center campus in Texas and other company purposes.

Disclaimer: This specification is preliminary and is subject to change at any time without notice. Amazon Finance assumes no responsibility for any errors contained herein.

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