TeraWulf completes $1.025 billion convertible notes offering

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TeraWulf Inc. Announces Closing of $1.025 Billion 0.00% Convertible Notes Offering

October 31, 2025 4:05 PM EDT

EASTON, Md., Oct. 31, 2025 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (TeraWulf or the Company), a leading owner and operator of vertically integrated, low-carbon digital infrastructure, today completed its previously announced offering of 0.00% 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). The aggregate principal amount of notes sold in the offering was $1.025 billion, which includes $125 million aggregate principal amount of notes issued pursuant to an option to purchase additional notes... More