Reported 2 days ago
TeraWulf has announced a private offering of $400 million in convertible senior notes, anticipating the proceeds will support their data center expansion and reduce dilution. Simultaneously, Fluidstack has expanded its lease, adding 160 MW of capacity at TeraWulf’s Lake Mariner data center, and Google has raised its stake in TeraWulf to 14%, providing significant financial backing for further growth. This expansion positions the facility as one of the largest high-performance computing hubs in the U.S.
Source: YAHOO