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Bitcoin mining company TeraWulf recently announced a $3.5 billion debt financing, continuing its aggressive capital-raising pace β the company closed a $1.3 billion round in December 2025, and raised another $3.2 billion back in October of the same year, bringing its three-round total past the $8 billion mark.
But behind the massive fundraising, TeraWulf is facing multiple questions from the market. Bitcoin mining advisory firm Blocksbridge Consulting called