{"id":54026,"date":"2021-12-03T10:59:51","date_gmt":"2021-12-03T08:59:51","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=54026"},"modified":"2025-09-03T18:08:55","modified_gmt":"2025-09-03T15:08:55","slug":"terawulf-raises-200-million-through-debt-and-equity-financing","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/terawulf-raises-200-million-through-debt-and-equity-financing\/","title":{"rendered":"TeraWulf raises $200 million through debt and equity financing"},"content":{"rendered":"<p>TeraWulf, focused on renewable energy, raised $200 million through debt and equity financing. By the summer of 2022 the mining company intends to boost its Bitcoin hash rate to 6 EH\/s.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cTeraWulf\u2019s ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets,\u201d said Paul Prager, Chairman and Chief Executive Officer of TeraWulf. \u201c<a href=\"https:\/\/t.co\/jdXxueu1L6\">https:\/\/t.co\/jdXxueu1L6<\/a><\/p>\n<p>\u2014 TeraWulf (@TeraWulfInc) <a href=\"https:\/\/twitter.com\/TeraWulfInc\/status\/1466534799061905414?ref_src=twsrc%5Etfw\">December 2, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funds were provided by individual and institutional investors. $123.5 million was raised in the form of a three-year secured senior loan, and $76.5 million through a subscription agreement for an additional share issuance.<\/p>\n<p>To mine Bitcoin, the company plans to use nuclear, solar and hydro power.<\/p>\n<p>By December 13, TeraWulf plans to complete the merger with the Nasdaq-listed IKONICS, and gain public status. The shares will trade under the ticker <a href=\"https:\/\/www.prnewswire.com\/news-releases\/terawulf-and-ikonics-announce-merger-agreement-paving-way-for-a-us-publicly-traded-esg-focused-cryptocurrency-mining-company-with-plans-to-use-90-zero-carbon-energy-301320143.html\">\u0437\u0430\u0432\u0435\u0440\u0448\u0438\u0442\u044c \u0441\u043b\u0438\u044f\u043d\u0438\u0435<\/a>.<\/p>\n<p>Marathon <a href=\"https:\/\/forklog.com\/en\/news\/marathon-to-host-more-than-100000-bitcoin-miners-at-compute-north-facilities\">will deploy more than 100,000 Bitcoin miners<\/a> at Compute North facilities. The latter <a href=\"https:\/\/forklog.com\/en\/news\/compute-north-to-lift-bitcoin-mining-data-centre-capacity-to-1-2-gw\">continues construction of new data centres<\/a> with a focus on renewable energy.<\/p>\n<p>Earlier, the mining company GRIID announced that <a href=\"https:\/\/forklog.com\/en\/news\/mining-company-griid-to-go-public-via-spac-merger\">will go public<\/a> through a merger with a <span data-descr=\"special purpose acquisition company\" class=\"old_tooltip\">SPAC<\/span>. The company adheres to a strategy of acquiring zero-carbon energy.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TeraWulf, which focuses on renewable energy, raised $200 million through debt and equity financing. By the summer of 2022 the mining company intends to boost its Bitcoin hash rate to 6 EH\/s.<\/p>\n","protected":false},"author":1,"featured_media":54027,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,768,1133],"class_list":["post-54026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-nasdaq","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=54026"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54026\/revisions"}],"predecessor-version":[{"id":54028,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/54026\/revisions\/54028"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/54027"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=54026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=54026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=54026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}