TeraWulf announces $400 million convertible notes offering to fund data center expansion, while Fluidstack's 10-year hosting deal adds 160 MW capacity at Lake Mariner with Google's increased financial backing.
According to the company’s official announcement, Bitcoin mining firm TeraWulf plans to raise $400 million via convertible notes due 2031 to fund data center expansion and related transactions. Cloud provider Fluidstack will add 160 MW at Lake Mariner. Google will provide $320 million in financing and increase its stake to 14%.