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TeraWulf Inc Raises $1.025 Billion in Convertible Notes

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TeraWulf Inc Raises $1.025 Billion in Convertible Notes

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TeraWulf Inc ( (WULF) ) has shared an update.

On October 31, 2025, TeraWulf Inc. completed a private offering of 0.00% Convertible Senior Notes due 2032, raising $1.025 billion. The net proceeds of approximately $999.7 million will be used to fund the construction of a data center campus in Abernathy, Texas, and for general corporate purposes. This strategic move is expected to enhance TeraWulf’s infrastructure capabilities, reinforcing its position in the digital infrastructure industry and potentially benefiting stakeholders through expanded operational capacity.

The most recent analyst rating on (WULF) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.

Spark’s Take on WULF Stock

According to Spark, TipRanks’ AI Analyst, WULF is a Neutral.

TeraWulf’s overall stock score is primarily influenced by its challenging financial performance, characterized by high leverage and negative cash flow. Despite these challenges, the stock benefits from strong technical momentum and a positive outlook from recent earnings calls, which highlight significant strategic partnerships and revenue potential. However, valuation concerns and financial instability weigh heavily on the overall score.

To see Spark’s full report on WULF stock, click here.

More about TeraWulf Inc

TeraWulf Inc. is a leading owner and operator of vertically integrated, low-carbon digital infrastructure in the United States. The company develops, owns, and operates environmentally sustainable, industrial-scale data center infrastructure, specifically designed for high-performance computing hosting and bitcoin mining.

Average Trading Volume: 48,779,374

Technical Sentiment Signal: Buy

Current Market Cap: $6.05B

See more insights into WULF stock on TipRanks’ Stock Analysis page.

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