[TeraWulf Plans to Issue $500 Million Convertible Bonds to Support Texas Data Center Construction] TeraWulf Inc. (NASDAQ: WULF) announced plans to privately issue $500 million in aggregate principal amount of convertible senior unsecured notes under Rule 144A. The bonds will mature on May 1, 2032, will bear no interest, and will not accumulate principal. Additionally, the company is offering initial purchasers an option to purchase up to an additional $75 million within 13 days. The funds raised will be used for the construction of the Abernathy data center campus in Texas and for general corporate purposes. The convertible bonds can only be converted during specified periods and under certain conditions, with settlement primarily in cash. For any excess amount, the company may choose to settle in cash or common stock.