Thu, Apr 16, 2026
TeraWulf closes 54.5 million share common stock offering at $19.00
Key points
- Closed public offering of 54,510,000 common shares at $19.00 per share on April 16, 2026
- Includes full exercise of the underwriters' 30-day option to purchase 7,110,000 additional shares (base offering of 47,400,000 shares agreed April 14, 2026)
- Net proceeds were approximately $1,004.3 million after underwriting discounts, commissions and estimated expenses
- Proceeds to fund a portion of the Hawesville, KY data center construction costs, including repayment in full of the bridge credit facility, plus future site acquisitions and general corporate purposes
- Morgan Stanley acted as lead bookrunning manager; offering made under the company's S-3ASR shelf