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12 Dec 2022

Bitcoin Mining Firm TeraWulf Raises $10M in New Capital to Repay Some of Its Debts

Bitcoin Mining Firm TeraWulf Raises $10M in New Capital to Repay Some of Its DebtsThe Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet. Bitcoin miner TeraWulf (WULF) has raised around $10 million of new capital to repay certain debts while also agreeing to purchase 8,200 new miners from Bitmain, the firm announced Monday. TeraWulf raised $10 million via a $6.7 million registered direct offering of common stock and $3.4 million of convertible promissory notes to some of its largest shareholders. In November, TeraWulf announced it had raised $17 million via equity and debt. The Maryland-based mining company also said it has restructured a previously announced agreement with bitcoin miner manufacturer Bitmain to add 8,200 new machines to its fleet at no additional cost by also using rema

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