TeraWulf raises $1.036 billion through 545 million shares rights issue

TeraWulf, a Bitcoin mining company listed on NASDAQ, announced the completion of a public offering of 545 million ordinary shares at a price of $19.00 per share, raising a total of $1.036 billion. Morgan Stanley serves as lead underwriter, Bank of America Securities, Citigroup, TD Cowen, and Wells Fargo serve as joint underwriters, Citizens Capital Markets and Santander Bank serve as co underwriters, and Cantor Fitzgerald serves as equity capital market advisor.