[TeraWulf: Initial Purchasers of Convertible Senior Notes Exercise Over-Allotment Option, Total Fundraising Reaches $1 Billion] According to a report by Jinse Finance, Nasdaq-listed digital asset mining company TeraWulf announced that the initial purchasers of its 1.00% convertible senior notes due 2031 have fully exercised their over-allotment option to purchase an additional $150 million in principal amount of the notes. The option was exercised on August 21, 2025, and the purchase was completed on August 22, 2025. This brings the total fundraising from the sale of the convertible notes in this issuance to $1 billion. It is reported that the net proceeds from this issuance, after deducting discounts, commissions, and estimated issuance expenses, amount to approximately $975.2 million. TeraWulf used $100.6 million of the net proceeds to pay for the cost of capped call transactions, with the remaining net proceeds allocated for the expansion of the company's data centers and general corporate purposes.