Money Moves: In a Public Offering, Easton’s TeraWulf Raised Nearly $28M

Easton, Maryland bitcoin mining company TeraWulf has some full (virtual) pockets after a successful public offering this month.

The company, which operates facilities largely powered by zero-carbon energy, completed its underwritten public offering on March 1. The company sold 40,764,706 shares of common stock at $0.68 per share, raising $27.7 million.

The company didn’t offer any further statement on the news but said it would use the proceeds for “general corporate purposes,” which could include working capital or capital expenditures.