Home > Quick > Body

TeraWulf seeks $3 billion in debt financing for data center construction

clock
2025-09-27 15:37:40
On September 27th, according to Bloomberg, bitcoin miner TeraWulf (NASDAQ: WULF) is expected to raise about $3 billion to support the construction of its data center. Morgan Stanley is arranging the potential deal for TeraWulf, which could start as soon as October. The financing could be completed through high-yield bonds or leveraged loan markets.
Google is expected to provide backing for the deal, a move that could give the debt a higher rating, and rating agencies will determine the deal's credit rating in a range of BB to CCC.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
New Tab Page - Desk3 | Plugin
Stay ahead of the game in the cryptocurrency space.