Reported 3 days ago
Terawulf Inc. (NASDAQ: WULF) saw a 5.69% increase in its stock price, closing at $9.28, following positive investor sentiment driven by a $3.2 billion backing from Google aimed at supporting the company's expansion plans. This investment includes warrants for 32.5 million shares, raising concerns about potential dilution after Terawulf's announcement of plans to raise an additional $850 million through convertible notes. The funds will assist in expanding IT capacity for Fluidstack's data center project in Western New York.
Source: YAHOO