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Bitcoin miner TeraWulf plans to issue $3.20 billion bond to fund its artificial intelligence data center expansion

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2025-10-15 02:37:14
Bitcoin miner TeraWulf Inc. announced plans to raise $3.20 billion by issuing senior secured bonds, the largest single debt financing attempted by a publicly traded bitcoin mining company.
The senior secured bond issue, due in 2030, will be a private placement for qualified institutional investors under Rule 144A of the Securities Act, Terra Wolf said on Tuesday. The proceeds raised will be used to develop the next phase of the Lake Mariner project, which is transforming into a hybrid campus combining bitcoin mining and artificial intelligence (AI) custody.
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