What to Know (And Why You Shouldn’t Care) 🤯
- TeraWulf, in a fit of audacity, has upped its convertible note offering to a staggering $850 million, presumably to fund its data center expansion. Notes maturing in 2031 with a paltry 1% annual interest rate-because nothing says “financial prudence” like a 132-year loan. 🧠
- Shares, ever the fickle lover, dropped 5% after the announcement, a modest setback for a company that previously surged 100% on a Google-backed AI deal. Such is the volatility of the stock market-where hope is a currency, and reality is a foreign exchange. 📉
TeraWulf’s (WULF) breakneck rally, once a spectacle of frenzied investors, took a nosedive on Tuesday as the firm unveiled its $850 million convertible note sale. A masterclass in corporate theatrics, if you’ll permit the metaphor. 🎭
The notes, set to mature in 2031, will be exchangeable into cash, stock, or both-TeraWulf’s way of saying, “We’re not sure what we’re doing, but let’s gamble on it!” The initial conversion price of $12.43 per share is a 32.5% premium to last week’s close, because why not? 🤷♂️
Net proceeds of $828.7 million will allegedly fund data center expansion, while $85.5 million is earmarked for “capped call transactions”-a fancy term for “we’ll try not to dilute our shares, maybe.” Buyers may add another $150 million, because nothing says “confidence” like a 13-day window to panic. 🚨
WULF fell 5% below $9, a humbling retreat from Monday’s $10.7 high. After a 100% rally fueled by a Thursday deal with FluidStack, backed by Google, the stock’s trajectory now resembles a yo-yo with a death wish. 🪀
Under a 10-year hosting agreement, FluidStack will expand operations at TeraWulf’s Lake Mariner campus in New York, with Google’s $1.4 billion debt support for the project. Google now holds warrants for a 14% equity stake-because nothing says “strategic partnership” like owning a slice of a company’s future. 🤝
Read More
- Gold Rate Forecast
- How to Unlock the Mines in Cookie Run: Kingdom
- Gears of War: E-Day Returning Weapon Wish List
- Jujutsu: Zero Codes (December 2025)
- Most Underrated Loot Spots On Dam Battlegrounds In ARC Raiders
- How to Find & Evolve Cleffa in Pokemon Legends Z-A
- Where to Find Saltstone in No Rest for the Wicked
- The Saddest Deaths In Demon Slayer
- FromSoftware’s Duskbloods: The Bloodborne Sequel We Never Knew We Needed
- Byler Confirmed? Mike and Will’s Relationship in Stranger Things Season 5
2025-08-19 18:15