AI Summary
TeraWulf Inc. aims to secure approximately $3.5 billion in debt to develop a data center campus in Kentucky. This initiative marks the company's entry into the leveraged loan market, with financing efforts led by Morgan Stanley.
- TeraWulf Inc. is planning to raise about $3.5 billion in debt for a new data center campus in Kentucky.
- This will be TeraWulf's first venture into the leveraged loan market.
- The financing deal is expected to launch this year, with Morgan Stanley leading the effort, as stated by Chief Financial Officer Patrick Fleury.
data centerfundinginvestmentanthropicdebt