Foresight News|Oct 30, 2025 11:06
**[Bitcoin Miner TeraWulf Expands Its Private Placement Offering to $900 Million]**
Foresight News reports, according to The Block, that Bitcoin miner TeraWulf has expanded its private placement offering and finalized the issuance price. The company plans to issue $900 million in 0% convertible senior notes, set to mature in 2032, with an additional $125 million overallotment option.
TeraWulf previously disclosed its $500 million fundraising plan on Wednesday, and the expanded bond issuance is part of this initiative. Initial purchasers now have a 13-day option to buy up to an additional $125 million in bonds. Furthermore, the company stated that these zero-coupon bonds carry a conversion premium of 37.5%, based on Wednesday’s closing price of $14.50, resulting in an initial conversion price of $19.9375 per share. If the overallotment option is fully exercised, the total issuance would amount to approximately $999.7 million, which will be used to fund the construction of TeraWulf’s data center campus in Abernathy, Texas, as well as for general corporate purposes.
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