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TeraWulf prices $900M upsized stock offering to fund data center expansion and repay debt

Company Fundamentals
14 Apr 2026
GlobeNewsWire
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Bullish
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TeraWulf Inc. has priced an upsized public offering of 47.4 million common shares at $19 each, raising approximately $900 million, up from the initially planned $800 million. The proceeds will fund construction of a new data center campus in Kentucky, repay bridge credit facility debt, and support future site acquisitions and corporate needs. The offering is expected to close on April 16, 2026, with Morgan Stanley leading the underwriting. This capital raise supports TeraWulf’s growth in environmentally sustainable data center infrastructure for high-performance computing and bitcoin mining.

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