TeraWulf Inc (NASDAQ:WULF) shares are trending Thursday. Here’s a look at what’s going on.
What To Know: TeraWulf said in a regulatory filing late Wednesday that it completed its previously announced $850 million private offering of convertible senior notes due 2031 on Aug. 20.
The total net proceeds from the offering were approximately $828.7 million. The company intends to use $85.5 million of the proceeds to pay the cost of capped call transactions. The remaining proceeds will be used to fund part of the company’s data center expansion.
The news comes after TeraWulf announced Monday that Fluidstack exercised its option to expand the company’s Lake Mariner data center campus, providing an incremental 160 MW of critical IT load. Operations of the expanded data center are expected to commence in the second half of 2026.
In connection with the expanded data center deal, Alphabet Inc’s (NASDAQ:GOOG) Google will provide an incremental backstop of $1.4 billion to support project-related debt financing in exchange for TeraWulf warrants. With the commitment, Google increased its pro forma equity ownership of TeraWulf to approximately 14%.
How To Buy WULF Stock
By now you're likely curious about how to participate in the market for TeraWulf – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
WULF Price Action: TeraWulf shares were down 1.4% at $9.14 at the time of publication Thursday. The stock is up approximately 74% over the past month, according to Benzinga Pro.
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