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Bitcoin Miner TeraWulf Raises $200 Million in Debt and Equity Financing
Summary: Bitcoin mining company TeraWulf raised $200 million in debt and equity financing from institutional and individual investors, the company announced Thursday. “TeraWulf’s ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets,” said Paul Prager, Chairman and Chief Executive Officer of the company in a ...
Bitcoin mining company TeraWulf raised $200 million in debt and equity financing from institutional and individual investors, the company announced Thursday.
“TeraWulf’s ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets,” said Paul Prager, Chairman and Chief Executive Officer of the company in a statement.
The financing includes about $123.5 million in a three-year, senior secured term loan and subscription agreements with investors to purchase newly issued shares of the company’s common stock for about $76.5 million.
As reported by Bitpush before, TeraWulf said that it will merge with Nasdaq-listed Ikonics (IKNX) to go public and trade under the symbol “WULF.” The deal is expected to be completed during the week of Dec. 13.
By Amy Liu
Tags: Bitcoin Miner,financing,TeraWulf
Link: Bitcoin Miner TeraWulf Raises $200 Million in Debt and Equity Financing [Copy]
