TechFlow News, April 17: According to GlobeNewswire, Bitcoin mining company and HPC data center operator TeraWulf Inc. (NASDAQ: WULF) announced on April 16 the completion of its public offering of common stock, issuing 54.51 million shares at $19.00 per share. With the full exercise of the underwriters’ over-allotment option (an additional 7.11 million shares), the offering raised approximately $1.036 billion. TeraWulf stated that the proceeds will be used for the construction of its Hawesville Data Center Campus in Kentucky, repayment of the outstanding balance under its bridge credit facility, future site acquisitions, and general corporate purposes. Morgan Stanley acted as the sole book-running manager, with BofA Securities, Citigroup, TD Cowen, and Wells Fargo Securities serving as joint book-running managers.
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