Bitcoin mining company TeraWulf increased its common stock offering size from $800 million to $900 million on April 14, issuing 47.4 million shares at $19 per share to fund the construction of a data center campus in Kentucky and repay bridge loans. The transaction is expected to be completed on April 16. As a result, the company's stock price dropped about 6% in pre-market trading to $19.70. Additionally, the company released preliminary results, estimating Q1 revenue between $30 million and $35 million, with adjusted EBITDA up to $3 million. As of March 31, it held $3.1 billion in cash and equivalents, with total debt amounting to $5.8 billion. (The Block) https://(wublock123.com)/news/terawulf-bitcoin-miner-raises-900m-equity-stock-falls-6-59593