{"id":90431,"date":"2025-10-29T18:00:00","date_gmt":"2025-10-29T16:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=90431"},"modified":"2025-10-29T17:00:40","modified_gmt":"2025-10-29T15:00:40","slug":"terawulf-to-raise-500-million-for-texas-data-center-construction","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/terawulf-to-raise-500-million-for-texas-data-center-construction\/","title":{"rendered":"TeraWulf to Raise $500 Million for Texas Data Center Construction"},"content":{"rendered":"

Publicly traded mining<\/a> company TeraWulf will conduct<\/a> a private placement of convertible notes worth $500 million, maturing in 2032. The funds will be allocated for the construction of a new data center campus in Texas and general corporate purposes.<\/p>\n

Underwriters will also have an option to purchase notes worth $75 million within 13 days of issuance. <\/p>\n

The Texas project will mark one of TeraWulf’s largest expansions in the United States. The company is already engaged in sustainable mining and HPC<\/span> in New York and Pennsylvania. <\/p>\n

Following the announcement, the company’s shares fell nearly 4% to $15.32. <\/p>\n

\"image\"
Source: Yahoo Finance<\/a>. <\/figcaption><\/figure>\n

Shift to AI <\/h2>\n

TeraWulf is steadily increasing funding as part of its business reorientation. In October 2024, the firm issued<\/a> $350 million in convertible senior notes to diversify into AI computing. <\/p>\n

In August 2025, the company signed<\/a> a 10-year contract with the cloud AI platform Fluidstack, supported by Google. The miner committed to providing approximately 250 MW, valued at $3.7 billion. <\/p>\n

In September, the company announced<\/a> raising $3 billion with Morgan Stanley’s assistance for data center construction.<\/p>\n

Other market participants have followed a similar strategy. The largest deal in this direction was the acquisition<\/a> in July of mining center operator Core Scientific by AI hyperscaler CoreWeave for $9 billion.<\/p>\n

Miner IREN also announced the expansion of its AI Cloud computing division. The company invested<\/a> approximately $193 million in Nvidia Blackwell B200 GPUs.<\/p>\n

In October, CleanSpark declared<\/a> a shift from “pure cryptocurrency mining” to HPC. Meanwhile, former Bitcoin miner Crusoe raised<\/a> $1.3 billion to develop AI infrastructure for OpenAI. <\/p>\n

Over the past year, the total debt of crypto miners increased<\/a> sixfold\u2014from $2.1 billion to $12.7 billion. Analysts at VanEck attributed this to the simultaneous need to invest in mining equipment and fulfill AI-related orders.<\/p>\n","protected":false},"excerpt":{"rendered":"

TeraWulf will conduct a private placement of $500 million in convertible notes. Funds will go towards a Texas data center.<\/p>\n","protected":false},"author":1,"featured_media":90432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"TeraWulf to raise $500 million for Texas data center construction.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1137,26],"class_list":["post-90431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-cryptocurrency-mining","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"157","promo_type":"1","layout_type":"1","short_excerpt":"TeraWulf to raise $500 million for Texas data center construction.","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/90431","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=90431"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/90431\/revisions"}],"predecessor-version":[{"id":90433,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/90431\/revisions\/90433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/90432"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=90431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=90431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=90431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}