Terawulf plans to raise 400 million USD through convertible bonds, increasing Google’s stake to 14%

TeraWulf is targeting to raise 400,000,000 USD by issuing convertible bonds to facilitate data center growth, maturing in 2031.

With Google’s financing of 320,000,000 USD, its stake in TeraWulf rises to 14%, while Fluidstack expands its operations at Lake Mariner campus to 160 megawatts.