TeraWulf Seeks $3.5B in Debt to Expand Its Kentucky AI Data Center
The post TeraWulf Seeks $3.5B in Debt to Expand Its Kentucky AI Data Center appeared on BitcoinEthereumNews.com. TeraWulf seeks $3.5B in debt, led by Morgan Stanley, to expand its AI data center. The expansion follows a 20-year lease projected to generate $19B by 2028. This financing would underscore growing institutional confidence in hosting AI data centers. Bitcoin miner TeraWulf Inc. (NASDAQ: WULF) is pursuing $3.5 billion in debt financing led by Morgan Stanley to expand its Anthropic-leased artificial intelligence (AI) data center campus in Kentucky. The expansion builds on a recent 20-year lease expected to generate $19 billion in revenue for roughly 400 megawatts (MW) of AI infrastructure capacity. TeraWulf Seeks $3.5B Debt to Expand Its Anthropic AI Data Center TeraWulf is preparing to raise approximately $3.5B in debt financing to expand its Justified Data campus in Hawesville, Kentucky, leased to Anthropic AI under a long-term agreement. The financing is expected to includ