Terawulf Proposes $350 Million Bitcoin Financing to Fuel Growth and Stock Buyback

On October 24, Terawulf, a prominent player in the **Bitcoin mining** sector, announced plans to raise $350 million through a private offering of **convertible notes**. Significantly, the offering allows initial purchasers the option to increase their investment by an additional $75 million within a stipulated 13-day window following issuance. While the exact pricing and interest rates for these notes have yet to be determined, they are set to mature in **2030**, indicating a long-term commitment from the company. Proceeds from this capital raise are earmarked for general corporate purposes, with an ambitious aim to repurchase up to $200 million of its **outstanding common stock** by December 2025. Furthermore, Terawulf has indicated a focus on enhancing shareholder value through this buyback initiative, subsequent to intensive capital expenditures aimed at fostering organic growth in **HPC/AI**, as well as assessing strategic acquisition opportunities.