Convertible bonds: borrowing now, sharing upside later →
Convertible bonds trade a cash-interest bill for a possible claim on future shares. TeraWulf’s 2025 financing shows why conversion rights, cash settlement and dilution depend on the contract.
TeraWulf is a U.S. data-center infrastructure company and the issuer in the article’s August 2025 convertible-note example.
The company description and financing terms cited here are from August 2025; this profile does not establish current outstanding debt.
No separately reviewed relationship records are available here yet. This does not imply the organization is independent or has no partners.
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Convertible bonds trade a cash-interest bill for a possible claim on future shares. TeraWulf’s 2025 financing shows why conversion rights, cash settlement and dilution depend on the contract.
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