TeraWulf Aktie

The Kentucky Public Service Commission approved the power supply agreement for TeraWulf’s Justified Data Campus in Hancock County, allowing up to 482 MW of power. TeraWulf will bear market, transmission, supply and infrastructure costs as well as credit assurance obligations; costs will be passed through directly. The project involves redeveloping the former Century Aluminum site in Hawesville, with site development and initial modules estimated at about $4.0–4.5 billion. » More on de.investing.com

S&P Global Ratings affirms TeraWulf’s issuer rating at 'BB-' and cuts the outlook from positive to stable due to uncertainties around a 20-year lease with Anthropic for a 401-MW data center campus in Hawesville (about $19 billion). WULF Compute receives a 'BB-' rating with a positive outlook; payments will flow through a lockbox and waterfall structure, and construction and financing risks are partially mitigated by agreements with Fluor and existing infrastructure. Initial capacity is expected online in late 2027, full capacity in early 2028, and the facility could represent roughly 48% of TeraWulf’s contractual total revenue in 2029; S&P lists clear criteria for potential downgrades or upgrades. » More on de.investing.com

TeraWulf is preparing a roughly $3.5 billion debt raise, consisting of leveraged loans and high-yield bonds, to finance construction of the Justified Data Campus in Hawesville, Kentucky. Morgan Stanley is expected to lead the transaction, CFO Patrick Fleury said, with the process set to begin this year. The project is tied to a 20-year lease with Anthropic that would generate about $19 billion in revenue for TeraWulf; the company is shifting its focus from crypto mining to AI infrastructure. » More on de.investing.com