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TeraWulf Eyes $3.5B for AI Data Center | Bitcoin and Crypto News
Description
TeraWulf is eyeing a $3.5 billion debt raise to fuel its massive Kentucky data center campus, home to AI giant Anthropic, with Morgan Stanley leading the charge—highlighting how AI’s hunger for compute power is unlocking fresh funding for infrastructure plays. Despite past scrutiny over insider trading and growth strategy, TeraWulf’s CFO stands by the model, touting long-term leases to shield against cost volatility, as the company aims to capitalize on the AI boom before full buildout by early 2028.
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