Google-Backed Crypto Miner TeraWulf Plans $3B Debt-Financed Expansion: Report
TeraWulf plans to raise about $3b to expand its data centers, in a deal supported by Google, according to its finance chief Patrick Fleury. The debt is expected to be issued either through the high-yield bond market or via leveraged loans, Fleury told Bloomberg in a recent interview. Morgan Stanley is arranging the potential transaction, which could be launched as early as October. Credit rating agencies are still reviewing the deal, with expectations that it could fall between BB and CCC, the typical r ...