{"id":42974,"date":"2025-08-19T15:18:50","date_gmt":"2025-08-19T15:18:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42974"},"modified":"2025-08-19T15:18:50","modified_gmt":"2025-08-19T15:18:50","slug":"terawulf-rally-cools-on-850m-convertible-note-sale-after-google-deal","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42974","title":{"rendered":"TeraWulf Rally Cools on $850M Convertible Note Sale After Google Deal"},"content":{"rendered":"<div>\n<p>TeraWulf&#8217;s (WULF) breakneck rally cooled on Tuesday as the firm <a href=\"https:\/\/investors.terawulf.com\/news-events\/press-releases\/detail\/116\/terawulf-inc-announces-upsize-and-pricing-of-850-million\">increased<\/a> its convertible note sale to $850 million and announced the pricing of the offering, aimed at funding its data center expansion.<\/p>\n<p>The notes will mature in 2031 with 1% annual interest, and will be exchangeable into cash, stock or both at TeraWulf\u2019s election, the company said in a Monday press release. Initial conversion price is set at $12.43 per share, representing a 32.5% premium to last week\u2019s close.<\/p>\n<p>Net proceeds are estimated at $828.7 million, and are earmarked for data center expansion with $85.5 million earmarked for capped call transactions designed to limit share dilution, the firm said. Buyers have a 13-day option to add another $150 million to the deal, which is expected to close this week.<\/p>\n<p>WULF fell 5% below $9, pulling back from Monday&#8217;s $10.7 high after an almost 100% rally following a <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/14\/terawulf-jumps-22-on-usd3-7b-ai-hosting-deal-with-google-taking-8-stake\">Thursday deal<\/a> with AI cloud platform Fluidstack, which is backed by tech giant Google.<\/p>\n<p>Under a 10-year hosting agreement, FluidStack will expand operations at TeraWulf\u2019s Lake Mariner campus in New York, backed by Google\u2019s $1.4 billion increase to its debt support for the project. Google now holds warrants representing a 14% equity stake in the company.<\/p>\n<p><strong><em>Read more: <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/08\/18\/terawulf-adds-another-10-as-google-lifts-stake\">TeraWulf Adds Another 10% as Google Lifts Stake<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TeraWulf&#8217;s (WULF) breakneck rally cooled on Tuesday as the firm increased its convertible note sale to $850 million and announced the pricing of the offering, aimed at funding its data center expansion. The notes will mature in 2031 with 1% annual interest, and will be exchangeable into cash, stock or both at TeraWulf\u2019s election, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42974","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42974"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42974\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}