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Morgan Stanley-Led Credit Line for TeraWulf Grows to $400 Million
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TeraWulf raised its revolving line of credit with Morgan Stanley as agent from $250 million to about $400 million. The modification also removed the previous limit for letters of credit, as the company advances with power plans and data centers.
WULF Stock Hits Six-Month Weekly Low As TeraWulf Secures Larger Credit Line For AI Data Center Expansion
TeraWulf shares saw the lowest weekly level over the six months, as the stock fell over 60% since June. The company announced on Friday that its senior secured resolving credit facility from $250 million to $400 million. TeraWulf signed a 20-year lease with Anthropic for approximately 401…
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