ChainCatcher news, according to TheMinerMag, Bitcoin mining company Terawulf has proposed to raise $350 million through a private issuance of convertible notes, and will grant the initial purchasers of the notes an option to add $75 million within 13 days after their issuance. The company has not finalized the pricing and interest rate of the issuance, but stated that these notes will mature in 2030.Terawulf intends to use the proceeds from this issuance for general corporate purposes and to repurchase its outstanding common stock, with a maximum amount of up to $200 million, before December 2025.Terawulf stated that after "strict capital expenditures aimed at supporting organic growth in HPC/AI, as well as evaluating potential strategic opportunities such as site acquisitions," the stock repurchase program will be prioritized.

ChainCatcher news, Bitcoin mining company Terawulf has sold a 25% stake in its nuclear-powered Nautilus Bitcoin mining facility in Pennsylvania to joint venture partner Talen Energy for $92 million, with plans to reinvest the proceeds into high-performance computing (HPC) and artificial intelligence data centers, which are expected to be operational in the first quarter of 2025.

ChainCatcher news, according to Cointelegraph, TeraWulf is the sixth largest Bitcoin mining company in the world and is expected to launch a new Bitcoin mining facility by the end of September, while potentially establishing a partnership with Magnificent Seven.

ChainCatcher news, Bitcoin mining company TeraWulf announced its Q2 financial report, with a production of 699 BTC in the quarter, a year-on-year decrease of 21%. Q2 revenue was $35.6 million, slightly above the market expectation of $35.4 million.Additionally, the company reported a quarterly loss per share of $0.03, lower than the expected loss per share of $0.02. The company also noted that the cost of Bitcoin mining increased by 243% year-on-year, with mining expenses rising from $6,688/BTC in Q2 2023 to $22,954/BTC in Q2 2024.Meanwhile, TeraWulf stated that it will continue to focus on expanding into high-performance computing (HPC) and artificial intelligence in the second half of the year, and has already begun construction of a new building at its Lake Mariner facility. This facility is expected to contribute an additional 50 megawatts of infrastructure capacity when it goes online in Q1 2025.

ChainCatcher news, according to official sources, Bitcoin miner TeraWulf announced the early full repayment of its term loan, eliminating all outstanding debt, with a total final payment amount of $77.5 million, which includes prepayment fees and accrued interest.TeraWulf stated that after repaying the term loan, the company has no outstanding debt, thereby maximizing financial flexibility to expand and deploy its valuable and low-cost energy infrastructure for Bitcoin mining and high-performance computing (HPC)/artificial intelligence applications. TeraWulf plans to expand its operational infrastructure capacity from 210 MW to 295 MW this year and has the capability to further increase capacity by 300 MW in the short term.

ChainCatcher news, according to Cointelegraph, Bitcoin mining company TeraWulf has expressed a willingness to consider mergers rather than expanding its business scale. The company's CEO, Paul Prager, stated that they prefer to enhance the company's market position through strategic mergers instead of pursuing large-scale expansion. TeraWulf currently has multiple mining sites in the United States and plans to continue expanding its mining facilities in New York and Pennsylvania.In addition, TeraWulf has recently increased the number of its own mining machines and achieved significant Bitcoin production growth in the first half of 2023, reporting that its hash rate reached 5.5 EH/s, with expectations to increase to 7.9 EH/s by the end of the year.

ChainCatcher news, Bitcoin mining company TeraWulf announced its financial report for the third quarter of 2023, in which it self-mined 994 BTC, a quarter-over-quarter increase of 9.5%; revenue was $19 million, a quarter-over-quarter increase of 22.6%; it is expected to use the cash generated in the third quarter of 2023 to repay approximately $7 million in debt, of which $5.5 million has been repaid in October 2023; the gross profit for the third quarter of 2023 increased to $10.7 million, compared to $10.3 million in the second quarter of 2023.As of September 30, the total installed hash rate capacity was 5.5 EH/s, a year-over-year increase of 267%; the average operating hash rate was 4.8 EH/s; it announced the order of 18,500 Antminer S19j XP Bitcoin miners, with a total price of $75.4 million, of which $53.4 million has been prepaid.

ChainCatcher news, Bitcoin mining company TeraWulf will purchase 18,500 Antminer S19j XP Bitcoin miners from Bitmain for $53.4 million, increasing its self-mining hash rate by 58%. The new miners will be deployed at the company's Lake Mariner facility in New York.

ChainCatcher news, Bitcoin mining company TeraWulf released its latest production and operational data for April. TeraWulf's hash rate capacity increased by over 21% month-on-month in April, reaching 4 EH/s; in April, it produced 239 bitcoins, bringing the total production to 771 bitcoins in 2023 so far. Additionally, the mining company fully deployed 50 megawatts of self-mining capacity at the Nautilus facility. (Source link)

ChainCatcher news, Bitcoin mining company TeraWulf released its Q4 and full-year financial report for 2022, generating $15 million in revenue and self-mining 524 bitcoins in 2022. Compared to the $3.9 million revenue in Q3 2022, TeraWulf's revenue in Q4 2022 increased by 146%, reaching $9.6 million.As of February 28, 2023, TeraWulf's self-mining hash rate was 2.6 EH/s, with approximately 26,000 mining machines deployed, including 18,000 operational mining machines at the Lake Mariner facility (13,000 self-mining machines and 5,000 hosted machines) and 8,000 self-mining machines at the Nautilus facility. (Source link)

ChainCatcher news, Bitcoin mining company TeraWulf raised $32 million through an IPO and reached a principle-binding agreement with existing lenders to restructure its debt.According to reports, CEO Paul Prager stated, "In achieving these milestones, we are more confident than ever that TeraWulf can achieve profitable growth and compelling returns." After the transaction is completed, the company expects to generate free cash flow. (Source link)

ChainCatcher news, Bitcoin mining company TeraWulf raised $10 million by directly issuing $6.7 million in common stock and $3.4 million in convertible notes to some of its major shareholders to repay certain debts, while also agreeing to purchase 8,200 new mining machines from Bitmain. (source link)

ChainCatcher news, the encryption hardware company Fabric Systems has completed a $13 million seed round financing, with participation from TeraWulf, Metaplanet, Blockchain.com, and 8090 Ventures.It is reported that Fabric Systems plans to build two products: liquid-cooled Bitcoin miners and computer processors for advanced cryptographic algorithms (such as zero-knowledge proofs). (Coindesk)

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)