Market Chatter: TeraWulf Plans to Raise $3.5 Billion in Debt for Kentucky AI Data Center

MT Newswires Live07-10

TeraWulf (WULF) is planning to raise about $3.5 billion in debt to build an AI data center in Hawesville, Kentucky, Bloomberg News reported Thursday, citing Chief Financial Officer Patrick Fleury.

The financing is expected to launch later this year and include both leveraged loans and high-yield bonds with Morgan Stanley (MS) slated to run the deal, the report said.

On Monday, TeraWulf said it secured a 20-year lease agreement with Amazon.com-backed (AMZN) Anthropic for the Kentucky campus.

TeraWulf didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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