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