Update
TeraWulf Credit Line Expands to $400 Million
TeraWulf, a Bitcoin miner and high-performance computing company, has amended its senior secured revolving credit agreement, increasing total commitments from $250 million to approximately $400 million. Morgan Stanley Senior Funding, Inc. serves as administrative and collateral agent on the facility. The amendment also includes an uncommitted accordion feature for up to an additional $150 million in commitments, removing a previous $150 million sublimit for letters of credit. The company has positioned itself in two businesses at once: Bitcoin mining and high-performance computing, with the Muskie Data Campus in Kentucky as a key piece of its plan for power capacity growth and AI data center development.