Bitcoin mining company TeraWulf raises $32 million to address debt issues

ChainCatcher news, Bitcoin mining company TeraWulf raised $32 million through an IPO and reached a principle-binding agreement with existing lenders to restructure its debt.

According to reports, CEO Paul Prager stated, "In achieving these milestones, we are more confident than ever that TeraWulf can achieve profitable growth and compelling returns." After the transaction is completed, the company expects to generate free cash flow. (Source link)