According to online reports, TeraWulf, a Nasdaq-listed digital asset mining company, announced that the initial purchaser of its convertible senior notes with a coupon rate of 1.00% has fully exercised the option to purchase an additional principal amount of 150 million U.S. dollars. The option was exercised on August 21, 2025, and the purchase was completed on August 22, 2025, which means that the company's convertible notes sold in this offering have raised a total of US$1 billion. It is reported that the net income from this offering, after deducting discounts, commissions and estimated issuance fees, is approximately US$975.2 million. TeraWulf uses US$100.6 million of the net income to pay for capped call option transactions, and the remaining net income is used for the company's data center expansion and general corporate use.