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Under the restructuring signed on Jan. 27, amortization of the term loan will be replaced with a free cash flow sweep mechanism through April 2024, according to a Wednesday press release. TeraWulf will also be able to extend the maturity date of its term term loan to April of 2024,
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The Maryland-based mining company also said it has restructured a previous agreement with Bitmain to add 8,200 new machines to its fleet. Source
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In the same quarter, TeraWulf significantly increased its hashrate, or computing power, and energy capacity that could be used for deploying mining machines. About 50 megawatts (MW) of power were brought online at its mining facility in Lake Mariner in upstate New York. The company had 11,000 miners operating at
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Bitcoin miner TeraWulf agreed to an additional $50 million in loans with existing lender Wilmington Trust as it looks to complete the data center infrastructure at its Lake Mariner facility in New York and Nautilus Cryptomine facility in Pennsylvania. Original Source
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TeraWulf (WULF), the environmentally-minded bitcoin miner backed by celebrities such as Gwyneth Paltrow that went public in December, sees itself reaching a hashrate range of 4.7 to 5.1 exahash per second (EH/s) by the end of 2022, according to a statement. Original Source
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The American actress and businesswoman Gwyneth Paltrow has participated in an investment round involving the bitcoin mining operation Terawulf. According to reports, Paltrow and a group of investors made a “substantial, 8-digit equity investment” in the company. Paltrow is well known for her involvement with cryptocurrencies and joined the crypto
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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
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