Bitcoin Mining Giant TeraWulf Plans To Raise $350 Million!

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Reportedly, Bitcoin miner “TeraWulf” has planned to offer convertible senior notes in order to raise $350 million to fund its $200 million share repurchase program. On Wednesday, the company stated that it plans to give initial purchases an additional option to add $75 million within the first 13 days after the notes are issued. Notably, those convertible notes will mature on 01st February 2030. Moreover, the firm has not yet disclosed the rates and will disclose them at a later date. Furthermore, the firm detailed that its BOD authorized the company to repurchase up to $200 million of its outstanding shares by 31st December 2025.