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

Ethereum Whales Rotate to PropiChain, Predicting Gains beyond XRP and Cardano in 2025

Ethereum Whales are shifting their focus to PropiChain without considering XRP and Cardano amidst their…

1 hour ago

Best Altcoins to Buy Today: Qubetics Promises 64k% ROI, Analysts Predict Binance to Hit $2K as Monero Looks to Break Away

Discover the best altcoins to buy today! Qubetics promises 64k% ROI, Binance Coin eyes $2K,…

2 hours ago

Best Coins to Buy Now: Qubetics Sells 200M Tokens to Raise Over $2.7M as Cardano and Avalanche Look to Strengthen Bullish Trend

Best Coins to Buy Now: Qubetics presale raises $2.7M with 200M tokens sold as Cardano…

5 hours ago

Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025

London, united kingdom, 22nd November 2024, Chainwire

7 hours ago

Robinhood Exec Dan Gallagher Declines SEC Leadership Role

Robinhood Exec Dan Gallagher declined consideration to lead the SEC, affirming his commitment to Robinhood…

7 hours ago

Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?

Discover why Qubetics, Fantom, and Immutable X are the best cryptos to buy in November…

8 hours ago

This website uses cookies.