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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InTeraWulf (WULF) officially closed its public offering of 54,510,000 shares of common stock on April 16, 2026, at a price of $19.00 per share. The transaction saw underwriters fully exercise their over-allotment option to purchase an additional 7,110,000 shares, bringing the total issuance to its maximum intended scale. This capital raise is earmarked for the strategic buildout of AI data center campuses as the company pivots toward high-performance computing. While the stock previously faced downward pressure due to dilution concerns following a 50% rally, the successful closure marks a key milestone in its transition from Bitcoin mining. Investors are now focused on the company's execution capabilities in deploying this capital to capture the growing demand for AI infrastructure. The finalized offering solidifies TeraWulf's balance sheet for its long-term growth objectives.