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BTCC / BTCC Square / Global Cryptocurrency /
TeraWulf Secures $500M Morgan Stanley Credit for Kentucky Data Center Expansion

TeraWulf Secures $500M Morgan Stanley Credit for Kentucky Data Center Expansion

Author:
Global Cryptocurrency
Published:
2026-03-17 21:34:02
7
2
BTCCSquare news:

TeraWulf (WULF) shares surged 11.86% to $16.41 following a $500 million delayed-draw bridge credit agreement with Morgan Stanley. The financing will fund construction of a 480MW-capacity data center in Hawesville, Kentucky, leveraging existing infrastructure including high-voltage transmission lines and an on-site substation.

The credit facility offers two repayment structures: a SOFR-linked option at +2.75% margin or a base rate alternative pegged to the higher of federal funds rate +0.50%, Morgan Stanley prime rate, or 1-month SOFR +1.75% margin. Institutional investors currently hold 62.49% of WULF shares, with analysts maintaining a Moderate Buy rating.

This follows TeraWulf's recent acquisition of two strategic land parcels as part of its national infrastructure expansion. The Kentucky site's 250 buildable acres allow for phased capacity growth, positioning the company to capitalize on accelerating demand for compute-intensive applications.

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