Bitcoin mining company TeraWulf announces issuance of $3.2 billion senior secured notes to expand data center operations
ChainCatcher news, according to Globenewswire, Bitcoin mining company TeraWulf Inc. (NASDAQ: WULF) announced that its wholly-owned subsidiary WULF Compute LLC has completed the pricing of a $3.2 billion 7.75% senior secured note issuance at par value.
The notes will be offered to qualified institutional investors through a private placement. Subject to market and other conditions, the issuance is expected to close on October 23, 2025. The notes will be fully and unconditionally guaranteed by WULF Compute’s subsidiaries La Lupa Data LLC, Akela Data Holdings LLC, and Akela Data LLC. WULF Compute plans to use the net proceeds from this issuance to fund part of the data center expansion project at its Lake Mariner campus in Barker, New York.
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