TeraWulf (WULF) announced Monday that it has raised approximately $10 million in new capital to repay certain debts while also agreeing to purchase 8,200 new miners from Bitmain. TeraWulf raised $10 million from some of its largest shareholders through a $6.7 million registered direct offering of common stock and $3.4 million in convertible promissory notes. TeraWulf announced in November that it had raised $17 million in equity and debt. The mining company based in Maryland also announced that it has restructured a previously announced agreement with bitcoin miner manufacturer Bitmain to add 8,200 new machines to its fleet at no additional cost by utilising remaining unused deposits with Bitmain.
