{"id":140484,"date":"2024-10-24T20:30:31","date_gmt":"2024-10-24T17:30:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=140484"},"modified":"2024-10-24T15:44:57","modified_gmt":"2024-10-24T12:44:57","slug":"bitcoin-mining-giant-to-raise-350-million-for-share-buyback-program","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-mining-giant-to-raise-350-million-for-share-buyback-program\/","title":{"rendered":"Bitcoin Mining Giant to Raise $350 Million for Share Buyback Program"},"content":{"rendered":"

The company will allow<\/a> <\/strong>initial buyers to invest an additional $75 million within 13 days of the notes\u2019 issuance, which will mature on February 1, 2030.<\/p>\n

The proceeds will be used for stock repurchases and general corporate expenses, with a buyback of up to $200 million authorized until December 31, 2025.<\/p>\n

This strategy follows TeraWulf\u2019s recent sale of a 25% stake in the Nautilus facility for about $92 million. In September, the company mined 176 Bitcoin, down from 184 in August.<\/p>\n