TeraWulf (WULF.US) plans to raise $3.5 billion to build an AI data center and enter the leveraged loan market for the first time.

According to the Wisdom Financial APP, American data center operator TeraWulf (WULF.US) is planning to raise approximately $3.5 billion in debt financing to provide funding for the construction of its data center campus in Kentucky. The company plans to enter the leveraged loan market for the first time and issue high-yield bonds to support the expansion of artificial intelligence (AI) infrastructure.