TeraWulf Inc. Raises Approximately $200 Million to Strengthen Capital Structure in Advance of Public Listing

EASTON, Md., Dec. 2, 2021 /PRNewswire/ -- TeraWulf Inc. ("TeraWulf"), which was formed to own and operate fully integrated environmentally clean bitcoin mining facilities in the United States, today announced that it has raised approximately $200 million in debt and equity financing from a group of leading institutional and individual investors. TeraWulf noted that the additional capital raised is expected to enable it to achieve 6 exahash per second, or 200 megawatts, of mining capacity by the second half of 2022.

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