Why TeraWulf Stock Leaped More Than 10% Higher on Tuesday

TeraWulf (NASDAQ: WULF), one of the numerous Bitcoin miners eagerly pursuing new revenue streams, was an investor favorite on the second trading day of the week. The company's shares enjoyed an over 10% rise that trading day thanks to some news on the financing front and an analyst's fresh price-target increase.Before the stock market opened for trading that day, TeraWulf announced that its subsidiary Wulf Compute aims to float $3.2 billion aggregate principal amount of senior secured notes. These debt securities mature in 2030 and are to be sold in a private offering to institutional buyers. The company hasn't yet disclosed the interest the notes will pay. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool