TeraWulf jumps as investors revisit $900M raise and $250M credit facility
WULF•TeraWulf shares are higher as traders focus on its April 2026 liquidity and funding updates, including a $900 million equity raise priced at $19.00 and allocations for a revolving credit facility of up to $250 million. The move is also being supported by the stock’s high beta exposure to crypto-linked sentiment as bitcoin trades around the mid-$77,000 range.
1. What’s moving the stock today
TeraWulf (WULF) is trading higher today as the market continues to re-price the company’s April financing developments that strengthened near-term liquidity and de-risked its Kentucky AI/HPC data center buildout. Investors have been rotating into high-beta, crypto-adjacent infrastructure names, and WULF tends to amplify those swings given its mix of bitcoin mining and high-performance computing hosting.
2. The key catalysts investors are focusing on
In mid-April, the company closed a public offering of 54.51 million shares at $19.00 per share (including the underwriters’ option), and said proceeds would help fund construction costs for its planned Hawesville, Kentucky campus, repay bridge facility borrowings, and support future site acquisitions and general corporate purposes. Earlier the same week, TeraWulf also disclosed it had received allocations for a revolving credit facility of up to $250 million (subject to documentation and closing conditions), a structure investors often view as incremental flexibility for working capital and project execution. Both items have kept WULF in focus as a financing-and-buildout story rather than a pure bitcoin miner.
