10:39 AM EDT, 08/18/2025 (MT Newswires) -- (Updates to include TeraWulf's ( WULF ) recent stock movement in the headline and the first paragraph.)

TeraWulf ( WULF ) shares were up nearly 18% in recent Monday trading after the company said 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.

Price: 10.55, Change: +1.58, Percent Change: +17.61