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.
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