TeraWulf Plans to Raise $900 Million to Expand AI Data Center

BlockBeats News, April 15th, TeraWulf announced the issuance of 47.4 million shares at $19 per share, raising approximately $9 billion to build a large-scale data center campus in Hawesville, Kentucky, and repay bridge financing to support future expansion. TeraWulf's management stated that the proportion of high-performance computing (HPC) hosting revenue has exceeded half for the first time, surpassing the Bitcoin mining business, driving the company's revenue structure towards a more stable long-term cash flow orientation.