Bitcoin mining company TeraWulf will raise an additional $500 million through the issuance of convertible preferred notes.

According to Mars Finance, Nasdaq-listed Bitcoin mining company TeraWulf announced that it will raise an additional $500 million through the issuance of convertible preferred notes, and it also offered initial purchasers an option to buy up to $75 million in Convertible Bonds. The new funds will be used for the construction of data centers and general corporate purposes.

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