Terawulf Inc.
TeraWulf Secures $500 Million Bridge Credit Agreement for Data Center Development
Summary
On March 13, 2026, TeraWulf Inc. entered into a $500 million delayed-draw bridge credit agreement to finance the construction and development of its data center facility in Hawesville, KY. The agreement includes interest rates based on Term SOFR plus 2.75% or the federal funds rate plus 0.50% and contains customary financial and negative covenants. The proceeds will be used for the specified project, and the agreement also includes a minimum liquidity covenant requiring TeraWulf to maintain $100 million of liquidity.
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About Terawulf Inc.
Terawulf Inc. is a company specializing in sustainable crypto mining practices, an increasingly important aspect of the burgeoning blockchain and cryptocurrency sectors. Terawulf operates by harnessing environmentally conscious solutions to power its data centers, aimed at reducing the carbon footprint typically associated with cryptocurrency mining operations. This commitment to sustainability is reflected in their strategic choice of locations and energy sources, often leveraging renewable resources to fuel mining activities. The company's operations are crucial in addressing the environmental concerns within the crypto industry, striving to make digital currencies more eco-friendly. Positioned at the intersection of tech innovation and environmental stewardship, Terawulf plays a significant role in pushing the market towards greener technological solutions and supports the broader adoption of digital assets by reducing the environmental impact of their production.
Official SEC Documents
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