TeraWulf Plans $3.5 Billion Debt Raise to Fund Anthropic AI Data Center Project
TeraWulf Inc. is preparing a $3.5 billion debt raise, led by Morgan Stanley, to fund the construction of an AI data center in Kentucky under a long-term lease with Anthropic. The project involves deploying up to 401 megawatts and generating approximately $19 billion in contracted lease revenue over its initial term.
Topics: AI infrastructure debt financing real estate development