Global Infrastructure SherpaTeraWulf Announces $25 Million Equity Investment by I Squared Capital
TeraWulf received a $25 million equity investment from I Squared Capital to support its data center infrastructure development.
Source Intelligence
TeraWulf expects to exit 2022 with 100 MW of net mining capacity at Nautilus, which represents TeraWulf's 50% share of the joint venture. "The Nautilus Cryptomine facility, a partnership between TeraWulf and Talen Energy Corporation, has also made significant construction progress and remains on target to begin mining in the third quarter."
"TeraWulf Inc. (Nasdaq: WULF ) ("TeraWulf" or the "Company"), which owns and operates fully integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced recent financing actions that are expected to support the Company's significant ramp of mining operations in the second half of 2022."
"The Company recently announced that it has secured a Standby Equity Purchase Agreement ("SEPA") with Yorkville Advisors Global, LP to sell up to $50 million of the Company's common stock in the Company's sole discretion at any time during the 36-month term of the agreement."
"The Nautilus Cryptomine facility, a partnership between TeraWulf and Talen Energy Corporation, has also made significant construction progress and remains on target to begin mining in the third quarter."
"the Company also announced today that it has engaged Cantor Fitzgerald & Co. and Ducera Partners LLC to assist the Company in raising transformative growth capital in 2022."
"the Company also announced today that it has engaged Cantor Fitzgerald & Co. and Ducera Partners LLC to assist the Company in raising transformative growth capital in 2022."