07:25 AM EDT, 08/18/2025 (MT Newswires) -- TeraWulf ( WULF ) said Monday it plans a private offering of $400 million of convertible senior notes due Sept. 1, 2031.
The company expects to grant the initial purchasers an option to buy up to an additional $60 million of the notes.
TeraWulf ( WULF ) said it plans to use the net proceeds to pay the cost of certain capped call transactions, with the remaining proceeds to go toward funding part of its data center expansion and for general corporate purposes.
The company's shares were up 1.7% in recent premarket activity.