TeraWulf plans to raise $400 million through bond issuance, Google increases its stake to 14%

According to HashChain, TeraWulf plans to raise $400 million by issuing convertible bonds maturing in 2031 to support the expansion of its data center and related transactions. Cloud computing provider Fluidstack has expanded its lease scale at the Lake Mariner campus to 160 megawatts. Google provides $320 million in financing support to Fluidstack while increasing its stake in TeraWulf to 14%.