TeraWulf proposes $500 million convertible notes offering

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Go back to TeraWulf proposes $500 million convertible notes offering

TeraWulf Inc. Announces Proposed Private Offering of $500 million of Convertible Notes

October 29, 2025 7:00 AM EDT

EASTON, Md., Oct. 29, 2025 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (TeraWulf or the Company), a leading owner and operator of vertically integrated, low-carbon digital infrastructure, today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of convertible senior notes due 2032 (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 purchase, within a... More