Bitcoin mining company TeraWulf will raise an additional $500 million by issuing convertible preferred notes

ChainCatcher news, according to GlobeNewswire, Nasdaq-listed Bitcoin mining company TeraWulf announced that it will raise an additional $500 million through the issuance of convertible preferred notes, and it has also offered initial purchasers an option to buy up to $75 million in convertible bonds. The new funds will be used for the construction of data centers and general corporate purposes.