TeraWulf Announces $3.5 Billion Debt Raise for Kentucky Data Center Amid Regulatory Uncertainty
Terawulf (ticker: WULF) announced a $3.5 billion debt raise to fund the construction of its Justified Data campus in Kentucky, which is expected to shift the company's focus from Bitcoin mining to AI infrastructure. However, shares declined due to investor concerns over leverage and regulatory uncertainty following New York Governor Kathy Hochul’s moratorium on permits for new hyperscale data centers.
Tickers: $WULF
Topics: AI infrastructure data center development debt financing regulatory moratorium