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TeraWulf Upsizes $900M Convertible Notes Offering

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TeraWulf Upsizes $900M Convertible Notes Offering

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TeraWulf Inc ( (WULF) ) just unveiled an update.

On October 29, 2025, TeraWulf Inc. announced an upsize and pricing of its $900 million private offering of 0.00% Convertible Senior Notes due 2032, aimed at qualified institutional buyers. The proceeds, estimated at $877.6 million, will fund part of a data center campus in Abernathy, Texas, and general corporate purposes. The offering is expected to close on October 31, 2025, and the notes will be convertible into cash or shares, with specific conditions for conversion and redemption. This move is significant for TeraWulf’s expansion in digital infrastructure and its commitment to sustainable operations, impacting its market positioning and stakeholder interests.

The most recent analyst rating on (WULF) stock is a Buy with a $17.00 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. develops, owns, and operates environmentally sustainable, industrial-scale data center infrastructure in the United States, focusing on high-performance computing hosting and bitcoin mining. The company is led by experienced energy infrastructure entrepreneurs and aims to provide scalable, low-carbon compute capacity for AI and HPC customers.

Average Trading Volume: 48,324,730

Technical Sentiment Signal: Buy

Current Market Cap: $5.92B

For detailed information about WULF stock, go to TipRanks’ Stock Analysis page.

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