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TeraWulf - Undisclosed
Overview
Funding Date
December 12, 2022
Financing amount
$10M
Valuation
--
Category
Subcategory
About TeraWulf - Undisclosed
Bitcoin miner TeraWulf (WULF) has raised around $10 million of new capital to repay certain debts while also agreeing to purchase 8,200 new miners from Bitmain. TeraWulf raised $10 million via a $6.7 million registered direct offering of common stock and $3.4 million of convertible promissory notes to some of its largest shareholders.
Founders & Team
Paul B. Prager
Nazar Khan
Company Profile / Project Introduction
TeraWulf is a leader in green energy Bitcoin mining. It's driven by one goal - perfecting green energy Bitcoin mining. With a vision of sustainability in mind, TeraWulf uses more than 91 percent zero-carbon energy to produce Bitcoin at its mining facilities across the U.S.