Bitcoin mining company TeraWulf raises $17 million to expand infrastructure

ChainCatcher news, Bitcoin mining company TeraWulf announced that it has raised $17 million in equity and debt. This includes the sale of $9.5 million in common stock through non-brokered transactions with existing investors, and an additional draw of $7.5 million from an existing $50 million loan, which is set to conclude in July, aimed at assisting the expansion of TeraWulf's facilities in New York and Pennsylvania. TeraWulf recently fully powered its first 50 MW mining facility in New York, bringing its total operational capacity to 1.6 EH/s. (Source link)