TeraWulf seeks $3 billion in debt financing for data center construction
according to Bloomberg, Bitcoin mining company TeraWulf (Nasdaq: WULF) is expected to raise about $3 billion to support the construction of its data center. Morgan Stanley is arranging this potential transaction for TeraWulf, which could start as early as October, with financing possibly completed through the high-yield bond or leverage loan market.
It is expected that Google will provide backstop support for the transaction, which could result in a higher rating for the debt, with rating agencies determining the credit rating of the transaction within the BB to CCC range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana Gains Institutional Attention with Scaling and ETF
Quick Take Summary is AI generated, newsroom reviewed. Grayscale called Solana “crypto’s financial bazaar.” Firedancer proposal may remove compute limits. Lark Davis predicts a $425 Solana target. Spot ETF hopes fuel institutional excitement. Risks include regulation and market volatility.References X Post Reference
Ripple Custody and Stablecoin Strategy to Redefine Global Banking
Quick Take Summary is AI generated, newsroom reviewed. Ripple’s custody ensures institutional-grade security and compliance. RLUSD stablecoin provides fast, fiat-pegged settlements for banks. The BNY Mellon partnership adds traditional credibility to Ripple. $XRP transitions from speculative asset to infrastructure backbone. Blockchain is becoming a standard framework for global financial operations.References X Post Reference
The individual placing all his hopes on artificial intelligence and Bill Belichick
