Google's pro forma stake in fifth-largest bitcoin miner TeraWulf grows to 14% as the miner plans $400 million fundraising plan
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最新报道：TeraWulf Inc. (WULF), the fifth-largest U.S.-listed bitcoin miner, plans to raise $400 million through private convertible senior notes to fund expansion into data-center services beyond mining. The notes, maturing in 2031, include a $60 million purchase option for initial buyers and may be settled in cash, stock, or a mix. Concurrently, AI cloud customer Fluidstack exercised an option to lease an additional 160 MW at TeraWulf's New York facility, bringing its total contracted load to 360 MW. Google increased its credit backstop to $3.2 billion and raised its stake in TeraWulf to 14% via warrants. The miner's Q2 2025 revenue rose to $47.6 million but it reported a $79 million net loss amid HPC facility upgrades. WULF shares gained 11% post-announcement.
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