Bitcoin Miner TeraWulf Raises $200M in Debt and Equity

Bitcoin Miner TeraWulf Raises 0M in Debt and Equity
TeraWulf – an environmental, social and governance-focused bitcoin mining company – raised $200 million in debt and equity financing from institutional and individual investors, the company announced Thursday.“TeraWulf’s ability to raise private capital underscores the attractiveness of bringing a new paradigm for cryptocurrency mining to the public markets,” said Paul Prager, Chairman and Chief Executive Officer of the company in a statement.The miner, which expects to mine bitcoin powered by nuclear, hydro and solar energy, will use the funding to achieve mining power of 6 exahash per second by the second half of 2022.The financing includes about $123.5 million in…