【TeraWulf: Initial purchasers of convertible preferred notes exercise over-allotment option, raising a total of $1 billion】Golden Finance reports that TeraWulf, a Nasdaq-listed digital asset mining company, announced that the initial purchasers of its 1.00% convertible preferred notes maturing in 2031 have fully exercised their option, purchasing an additional $150 million of notes. The option was exercised on August 21, 2025, and the purchase was completed on August 22, 2025, which means the total amount raised from the issuance of convertible notes reached $1 billion. It is reported that the net proceeds from this issuance, after deducting discounts, commissions, and estimated issuance expenses, are approximately $975.2 million. TeraWulf used $100.6 million of the net proceeds to pay for capped call option transactions, while the remaining net proceeds will be used for the expansion of the company's data centers and general corporate purposes.