E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Add to balance / Manage account  User:  Log out
Prospect News home > News index > List of issuers T > Headlines for TeraWulf Inc. > News item
Published on 7/5/2022 in the Prospect News Green Finance Daily and Prospect News Private Placement Daily.

TeraWulf closes $50 million add-on loan facility

By Marisa Wong

Los Angles, July 5 – TeraWulf Inc. entered into a first amendment to its loan agreement with its existing lender group for an additional $50 million of debt, according to a press release.

The company intends to use net proceeds toward completing the datacenter infrastructure at its Lake Mariner facility in New York and Nautilus Cryptomine facility in Pennsylvania.

TeraWulf owns and operates fully integrated domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.