TeraWulf Inc. Proposes Public Offering Of Common Stock

Facebook
Twitter
LinkedIn

TeraWulf Inc., which owns and operates fully integrated environmentally clean bitcoin mining facilities in the United States, recently announced that it is commencing an underwritten public offering of its common stock . TeraWulf also expects to grant to the underwriter for the Offering a 30-day option to purchase up to an additional 15% of the number of shares of common stock offered in the public offering.

All of the shares to be sold in the Offering will be sold by TeraWulf, subject to customary closing conditions. TeraWulf intends to use the net proceeds from the Offering for mining operations and digital asset infrastructure and for working capital and general corporate purposes. 

Some of TeraWulf’s existing investors, including the Company’s Chief Executive Officer Paul Prager, have agreed to purchase $5,000,000 of shares of the Company’s common stock, at a price of $7.88 per share in a private offering, which is expected to close prior to or concurrently with the closing of the Offering.

Source

Share.

RELATED POSTS

  • Asialink Finance

LATEST POSTS

AIIB Partners with Arab Fund to Boost Sustainable Infrastructure Development. (Image Courtesy: The Arab Fund for Economic and Social Development)
Eng. Saad bin Abdulrahman AlSadhan, Chief Executive Officer, Zain KSA. (Image Courtesy: Zain KSA)
Representational Image of Human Resources Module. Image Courtesy: Rawpixel from Freepik
Tom Mullen, Senior Vice President, Business Development, OPSWAT. (Image Courtesy: OPSWAT)