TeraWulf plans $400 million convertible notes offering

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TeraWulf Inc. Announces Proposed Private Offering of $400 Million of Convertible Notes

August 18, 2025 7:05 AM EDT

EASTON, Md., Aug. 18, 2025 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (TeraWulf or the Company), a leading owner and operator of vertically integrated, predominantly zero-carbon digital infrastructure, today announced that it intends to offer, subject to market conditions and other factors, $400 million aggregate principal amount of convertible senior notes due 2031 (the Convertible Notes) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the Securities Act).

TeraWulf also expects to grant the initial purchasers of the Convertible Notes an option to... More