TeraWulf expands revolving credit facility by 60% to about $400M for AI data centers
- —Facility limit rose by $150 million to about $400 million, effective Oct. 23
- —An accordion option allows another $150 million subject to lender participation
- —The prior $150 million letter-of-credit sublimit was removed
- —Morgan Stanley Senior Funding serves as administrative and collateral agent
Why it matters: Miners are pivoting toward AI infrastructure, and the larger facility gives TeraWulf more headroom to build out data centers.
Source: TokenPost