
U.S. Stock Movement | TeraWulf plans to issue $3.2 billion in bonds to expand data centers, rising nearly 9%

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On Tuesday, TeraWulf rose nearly 9%, with a year-to-date increase of 169%, currently priced at $15.21. In terms of news, the company announced that its subsidiary plans to issue $3.2 billion in senior secured bonds maturing in 2030, with net proceeds to be used for the expansion project of the Lake Mariner data center in New York State. TeraWulf, as a vertically integrated owner and operator of sustainable digital infrastructure, sees the data center expansion project as part of its development plan
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