Categories: Bitcoin

TeraWulf BTC Miner will list on NASDAQ after raising $ 200 million

BTC mining company TeraWulf is listed on NASDAQ after raising $ 200 million in debt and equity funding to bolster its capital structure ahead of a public listing. So find out more on the latest bitcoin news today.

BTC Miner TeraWulf is an American company that has raised $ 200 million in debt and equity financing group investors and is expected to have a mining capacity of 6 Exahash per second, or 200 megawatts, as a result of a corporate merger with technology company IKONICS Company. As part of the $ 200 million financing, TeraWulf signed a $ 123.5 million secured loan, and the miner entered into agreements with investors to purchase newly issued shares of the public company for a total purchase price of $ 76.5 million. Dollars off. Paul Prager, CEO of the company, wrote:

“TeraWulf’s ability to raise private capital underscores the appeal of bringing a new model for crypto mining to the public market.”

He added that the company is aiming to grow larger than any other public BTC mining organization, with TeraWulf aiming to produce BTC that runs on 100% carbon-free energy. The company announces its plans to become a NASDAQ-listed company through a partnership with the IKONICS consortium, and the merger is expected to be completed by the end of this month when TeraWulf, bearing the symbol “WULF”, enters the world market.

Some of the largest companies in the space, such as Riot Blockchain and Marathon Electronic, have already traded their shares on the Nasdaq, with the former trading under the ticker RIOT, while the latter trading as “MARA”. A few days ago, Griid Infrastructure, another BTC mining company, and test company Adit EdTech Acquisition Crop announced a merger and the company would later acquire Griid Holdco, a new holding company and parent company of Griid. The startup will have a total value of 3.3 billion US dollars and will operate under the name “GRDI”.

https://twitter.com/TeraWulfInc/status/1460248434221490178?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
Much like TeraWulf, Griid is geared towards green BTC mining and has even managed to secure low-cost electricity pipelines that focus on carbon-free production counterparts. The company’s CEO David Shrier said:

“Grid’s combination of a large, carbon-free, low-cost power pipeline, exceptional access to next-generation ASICs, and their market-leading execution position to deliver profit and attractive growth.”

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

3 Best Tokens for The Coming Altcoin Season: Ethereum (ETH), Cardano (ADA), Rexas Finance (RXS)

These tokens could deliver groundbreaking returns, leaving you wealthier than before. They are Ethereum (ETH),…

20 minutes ago

BingX Provides Free SEPA & SEPA Instant Euro Deposit Service to Users

Vilnius, Lithuania, 23rd December 2024, Chainwire

27 minutes ago

Top Reasons to Choose Qubetics, Bitcoin, and AAVE as the Best Coins to Join Now 

Explore why Qubetics, Bitcoin, and AAVE are the Best Coins to Join Now. Dive into…

3 hours ago

Market Overview (Dec 16 – Dec 22): Altcoins Stall, BTC Faces Strong Pullback

MicroStrategy buys 15,350 BTC; Ripple launches RLUSD; Lido exits Polygon; BTC drops post-ATH; reduced liquidity…

3 hours ago

Bybit Proof Of Reserve Shows Changes In BTC, ETH, And USDT

Bybit Proof of Reserve reveals BTC holdings at 50,412 (-8.55%), ETH at 525,641 (+8.11%), and…

5 hours ago

Bitcoin Spot ETF Inflows Reach $449M With BlackRock Leading

Key Points: Bitcoin Spot ETF Inflows totaled $449M, led by BlackRock’s $1.45B contribution. Ethereum Spot…

6 hours ago

This website uses cookies.