TeraWulf’s 10% Surge: Financing Moves and Analysts’ Shift

Before trading began, TeraWulf announced its subsidiary Wulf Compute intended to issue $3.2 billion in senior secured notes. These debt instruments, maturing in 2030, were to be sold privately to institutional investors. The company did not specify the interest rate. Proceeds would fund expansion of its data center in upstate New York, a project emblematic of the industry’s reliance on scale and infrastructure.








