TeraWulf Eyes $3.5 Billion for Anthropic-Leased Data Center

TeraWulf Inc. is preparing to raise approximately $3.5 billion in debt to construct a data center campus in Kentucky, which will be leased to Anthropic. This initiative includes the company's first entry into the leveraged loan market. The pivot toward AI infrastructure illustrates a broader trend of crypto miners leveraging their specialized expertise to compete within the data center market. This massive project signifies TeraWulf's strategic expansion into the growing artificial intelligence infrastructure sector.