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Cryptoknowmics
2022-11-15 08:38:22

TeraWulf Raised $17M in Q3, but Cash Reserves Stay Low

TeraWulf Raised $17M in Q3, but Cash Reserves Stay Low

TeraWulf (WULF), a bitcoin mining firm, acquired $17 million in financing in the third quarter. However, its liquidity is still $4.5 million, according to a statement on its third-quarter profits posted after the market closed on Monday. Composition of TeraWulf $17 million The $17 million was composed of $7.5 million in additional loan funds and $9.5 million in stock from pre-existing investors. According to the statement released Monday, the term lender’s outstanding principal balance at the end of the third quarter was $138.5 million. Some of the largest miners are experiencing liquidity problems that might push them into bankruptcy, and The post TeraWulf Raised $17M in Q3, but Cash Reserves Stay Low appeared first on Cryptoknowmics-Crypto News and Media Platform .

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