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Stock impact report

TeraWulf To Raise $900 Million For A.I. Data Centre Expansion [Yahoo! Finance]

TeraWulf Inc. (WULF) 
Company Research Source: Yahoo! Finance
The stock of TeraWulf is down 6% on news of the capital raise, which will come from issuing additional shares, a move that dilutes existing stockholders. Management at TeraWulf, which runs Bitcoin (CRYPTO: $BTC) mining and A.I. computing operations, said the capital raise is necessary to fund its expansion plans. More From Cryptoprowl: Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance New York Stock Exchange Invests $600 Million In Polymarket The Maryland-based company priced 47.4 million shares at $19 U.S. each as part of the stock sale. TeraWulf plans to build a new A.I. data centre campus in Kentucky, alongside repaying outstanding bridge financing and supporting future expansion of the site. The company is one of several Bitcoin miners that is tur Show less Read more
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