The Bitcoin miner’s subsidiary WULF Compute LLC will use proceeds to fund Lake Mariner facility growth in New York, with settlement expected October 23, 2025.
TeraWulf Inc. has priced $3.2 billion in 7.750% senior secured notes due 2030 via its subsidiary WULF Compute LLC. The privately offered notes target qualified institutional buyers and carry guarantees from La Lupa Data LLC, Akela Data Holdings LLC, and Akela Data LLC. Funds will be allocated to expanding the Lake Mariner data center in New York, with settlement anticipated on October 23, 2025, subject to market conditions.