TeraWulf Announces $3.5 Billion Debt Raise for Kentucky Data Center Campus
TeraWulf Inc. (NASDAQ: WULF) plans to raise approximately $3.5 billion in debt, including a leveraged loan and high-yield bonds, to finance the development of its new data center campus in Kentucky. The company has signed a 20-year lease with Anthropic for this facility, expected to generate around $19 billion in revenue.