Bitcoin mining company TeraWulf announced the issuance of $3.2 billion in senior secured notes to expand its data center operations

ChainCatcher news, according to Globenewswire, Bitcoin mining company TeraWulf Inc. (NASDAQ: WULF) announced that its wholly-owned subsidiary WULF Compute LLC has completed the pricing of a $3.2 billion offering of 7.75% senior secured notes at par.

The notes will be offered through a private placement to qualified institutional buyers. Subject to market and other conditions, the offering is expected to close on October 23, 2025. The notes will be fully and unconditionally guaranteed by WULF Compute's subsidiaries La Lupa Data LLC, Akela Data Holdings LLC, and Akela Data LLC. WULF Compute plans to use the net proceeds from this offering to fund certain data center expansion projects at its Lake Mariner campus in Buck, New York.