Terawulf Seeks $3.5 Billion for Data Center Tied to Anthropic

WHO:

Cointelegraph - TeraWulf, an American Bitcoin miner, is involved in the financing.

Bloomberg Markets - TeraWulf Inc. is the company preparing for the debt raise.

WHAT:

Cointelegraph - TeraWulf is seeking $3.5 billion in debt financing.

Bloomberg Markets - The financing is intended for building a data center campus.

WHERE:

Cointelegraph - The data center campus is located in Kentucky.

Bloomberg Markets - The campus is leased by AI company Anthropic.

WHEN:

Bloomberg Markets - TeraWulf is entering the leveraged loan market for the first time.

WHY:

Cointelegraph - The financing is linked to the operations of the AI company Anthropic.

HOW:

Cointelegraph - The debt financing is reportedly being led by Morgan Stanley.

(UPDATED July 10, 2026 11:55 UTC)

TeraWulf, an American Bitcoin miner, is preparing to raise $3.5 billion in debt financing to build a data center campus in Kentucky, which is leased by the AI company Anthropic. This marks TeraWulf's first entry into the leveraged loan market, with Morgan Stanley reportedly leading the financing efforts. The funds will support operations linked to Anthropic, highlighting the growing intersection of cryptocurrency and artificial intelligence.