U.S. Stock Movement | TeraWulf plans to issue $3.2 billion in bonds to expand data centers, rising nearly 9%
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
According to Zhitong Finance APP, on Tuesday, TeraWulf (WULF.US) rose nearly 9%, with a year-to-date increase of 169%, currently priced at $15.21. On the news front, 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 data center at the Lake Mariner site in New York State. As a vertically integrated owner and operator of sustainable digital infrastructure, the data center expansion project is part of TeraWulf's development plan
