PANews reported on October 17th that, according to Globenewswire, Bitcoin mining company TeraWulf Inc. (NASDAQ: WULF) announced that its wholly-owned subsidiary, WULF Compute LLC, has priced its $3.2 billion offering of 7.750% senior secured notes due 2030 at par. The notes will be offered to qualified institutional investors through a private placement. Closing of the offering is expected to occur on October 23, 2025, subject to the satisfaction of market and other conditions. 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 intends to use the net proceeds from the offering to finance a portion of its data center expansion project at its Lake Mariner campus in Bucks, New York.PANews reported on October 17th that, according to Globenewswire, Bitcoin mining company TeraWulf Inc. (NASDAQ: WULF) announced that its wholly-owned subsidiary, WULF Compute LLC, has priced its $3.2 billion offering of 7.750% senior secured notes due 2030 at par. The notes will be offered to qualified institutional investors through a private placement. Closing of the offering is expected to occur on October 23, 2025, subject to the satisfaction of market and other conditions. 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 intends to use the net proceeds from the offering to finance a portion of its data center expansion project at its Lake Mariner campus in Bucks, New York.
Bitcoin mining company TeraWulf announced a $3.2 billion senior secured note issuance to expand its data center business.
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PANews reported on October 17th that, according to Globenewswire, Bitcoin mining company TeraWulf Inc. (NASDAQ: WULF) announced that its wholly-owned subsidiary, WULF Compute LLC, has priced its $3.2 billion offering of 7.750% senior secured notes due 2030 at par. The notes will be offered to qualified institutional investors through a private placement. Closing of the offering is expected to occur on October 23, 2025, subject to the satisfaction of market and other conditions. 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 intends to use the net proceeds from the offering to finance a portion of its data center expansion project at its Lake Mariner campus in Bucks, New York.
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