TeraWulf Reportedly Seeks $3.5 Billion Debt Raise for Anthropic-Leased Data Center

Bitcoin miner TeraWulf is reportedly seeking $3.5 billion in debt financing for its Kentucky data center campus, which has been leased by artificial intelligence company Anthropic.

According to the report, Morgan Stanley is leading the proposed financing effort. The size of the planned debt raise makes the deal notable for crypto-sector readers because it links a Bitcoin mining company’s infrastructure footprint with rising demand for AI data center capacity.

TeraWulf’s reported financing push also highlights how energy-intensive computing businesses can overlap across crypto mining and artificial intelligence. For miners, data center infrastructure can become relevant beyond Bitcoin production when large technology customers seek access to power and compute-ready facilities.

The source material does not specify the terms of the debt package, its expected closing timeline, or whether the financing has been finalized. It also does not state any direct impact on TeraWulf’s mining operations or financial outlook.

If completed, the financing would center on the Kentucky campus already tied to Anthropic through a lease, placing TeraWulf among crypto-linked infrastructure companies drawing attention from AI-related demand.