TeraWulf closes $1.004B public offering of 54.51M shares at $19.00 to fund data center construction

TERAWULF INC.

Sold 54.51M shares at $19.00; net proceeds ~$1,004.3M after underwriting discounts and expenses.
Full exercise of underwriters' 30-day option for additional 7.11M shares.
Proceeds to fund Hawesville, KY data center campus, repay bridge credit facility, site acquisitions, and general purposes.
Morgan Stanley lead bookrunner; BofA, Citi, TD Cowen, Wells Fargo as joint bookrunners.

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