TeraWulf intends to use the net proceeds from the Offering to fund a portion of the construction costs for its planned data center campus in Hawesville, Kentucky, including repayment in full of amounts outstanding under its bridge credit facility, as well as for future site acquisitions and general corporate purposes.
Morgan Stanley is acting as lead bookrunning manager for the Offering. BofA Securities, Citigroup, TD Cowen and Wells Fargo Securities are acting as joint bookrunners. Citizens Capital Markets and Santander are acting as co-managers. Cantor Fitzgerald is serving as the Company's equity capital markets advisor.
The Offering was made by means of a prospectus supplement under TeraWulf's effective shelf registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (the "SEC").
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities, nor does it constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offer, solicitation or sale is unlawful. The Offering was made only by means of a prospectus supplement relating to such Offering and the accompanying prospectus. Copies of the final prospectus supplement for the Offering and the accompanying prospectus can be obtained from Morgan Stanley & Co. LLC. Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, email: [email protected], telephone: (866) 718-1649.
About TeraWulf
TeraWulf develops, owns, and operates environmentally sustainable, industrial-scale data center infrastructure in the United States, purpose-built for high-performance computing (HPC) ...
