NasdaqCM:WULFSoftware
TeraWulf’s US$500m Facility Raises Kentucky Growth And Leverage Questions
TeraWulf (NasdaqCM:WULF) has secured a $500 million credit facility led by Morgan Stanley.
The financing is earmarked for construction of a new data center in Kentucky.
The facility marks a significant expansion of TeraWulf’s digital infrastructure footprint beyond prior projects.
TeraWulf, originally known for its bitcoin mining operations, is increasingly positioning its sites for high performance computing and AI hosting. Large scale credit support from a major bank points to...