TeraWulf Announces $3.5 Billion Debt Raise for AI-Focused Data Center Campus
Former Bitcoin miner TeraWulf (NASDAQ: WULF) is preparing to raise approximately $3.5 billion in debt, combining leveraged loans and high-yield bonds, to build a new data center campus in Kentucky focused on artificial intelligence infrastructure. The company has previously accessed the high-yield bond market and recently signed a 20-year lease with Anthropic PBC for its facility, expected to generate $19 billion in contracted revenue.
Tickers: $WULF