Crypto Miner TeraWulf Bets $3.2 Billion on AI–And It’s All Junk — TradingView News
Wall Street’s appetite for AI-linked debt just took a speculative turn. TeraWulf 
WULF, best known for its cryptocurrency mining operations, is stepping into the junk bond market with a $3.2 billion offering to fund a major data center expansion at its Lake Mariner campus in Barker, New York. Morgan Stanley is leading the deal, which could price later this week. For TeraWulf, it marks a debut in high-yield territory and a bet that investors are ready to back smaller, riskier players in the race to build AI infrastructure. Credit agencies are still assessing where to rate the deal, but it’s expected to land somewhere in the BB to CCC range typical for speculative-grade debt.
The timing couldn’t be more telling. After a flood of…
