Bitcoin miner TeraWulf has announced plans to raise $850 million through 1.00% Convertible Senior Notes due 2031. The funds will be used to expand the company's data center capabilities and support general corporate purposes. This strategic move aims to boost TeraWulf's hash rate and operational efficiency, reinforcing its position as a significant player in the Bitcoin mining sector. The capital raise highlights TeraWulf's confidence in the future profitability of Bitcoin mining, despite market volatility. It also underscores the company's ability to attract substantial institutional investment, reflecting a positive outlook for the industry's growth.