TeraWulf bets big on AI with $3.2 billion funding plan

TeraWulf wants to raise $3.2 billion for commencing the next phase of developing Lake Mariner, a hybrid data center designed to mine Bitcoin and power ￰0￱ company will raise the funds through senior secured notes, which are due within five ￰1￱ is attempting one of the largest single debt financings by an incorporated Bitcoin mining ￰2￱ targets institutional investors The Bitcoin mining and AI corporation said that secured notes, or a loan agreement, will be offered to qualified institutional ￰3￱ fundraising procedure follows Rule 144A of the Securities Act in the United ￰4￱ will provide a safety net to the investors through WULF Compute’s ￰5￱ the debt is not paid by 2030, investors have the right to claim TeraWulf’s assets, like equity interests and even a dedicated lockbox account in Fluidstack USA ￰6￱ extra security cushion is provided by Google ￰7￱ tech giant will pledge warrants giving it the right to purchase TeraWulf shares as an extra ￰8￱ mid-August, Cryptopolitan reported that Google has increased its stock share in TeraWulf from 8% to 14%.

TeraWulf has also signed two contracts with Fluidstack, an AI cloud provider, for a duration of 10 years. TeraWulf’s deal with Fluidstack provides it access to over 200 megawatts of capacity at the Lake Marine data center ￰9￱ the time of writing, WULF is trading at 14.93, down by 3.49% from the last trading ￰10￱ stock has a year-to-date (YTD) return of 163.25%, a one-year return of 186.54%, and a three-year return of 1,266.97%, based on data collected from Yahoo ￰11￱ has surpassed other competitors like Iris Energy (IREN) and Marathon Digital (MARA) in terms of the proposed secured notes of $3.2 ￰12￱ and crypto mining companies are diversifying revenue streams by moving to AI and cloud computing.

TeraWulf’s $3.2 billion offering is a huge step in this direction, showing that AI and cloud computing provide a more predictable and stable revenue stream for ￰13￱ your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.