TeraWulf Inc. (NASDAQ:WULF) (the "Company" or "TeraWulf") today announced it intends to make an offering of $800 million of shares of its common stock (the "Offering"). TeraWulf's common stock is listed on the Nasdaq Stock Market LLC under the symbol "WULF."

TeraWulf intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional $120 million of shares of common stock at the public offering price less underwriting discounts and commissions.

TeraWulf intends to use the net proceeds from the Offering to finance a portion of the construction of a data center at its site in Hawesville, Kentucky, including repayment in full of amounts outstanding under its bridge credit facility, for future site acquisitions and for general corporate purposes.