TeraWulf Reportedly Secures $400M Morgan Stanley Credit Facility as AI Data Center Expansion Accelerates

TeraWulf $WULF has reportedly expanded a credit facility backed by Morgan Stanley $MS to $400 million, representing a 60% increase from the previous $250 million commitment.
The financing highlights continued institutional interest in TeraWulf's transition from Bitcoin mining toward AI and high-performance computing infrastructure.
Additional borrowing capacity could support data center development, infrastructure upgrades and the company's broader expansion strategy.
However, a larger credit facility does not necessarily mean the full amount has been drawn or invested. Investors will be watching financing costs, utilization, construction progress and future customer commitments to assess whether the expansion translates into sustainable revenue growth.