Wire flash
FinanceTeraWulf Plans $3.5B Debt Raise for Kentucky Data Center Campus
Editorial responsibility
- No named human review is recorded for this page.
- Source reporting is collected, normalized, translated or condensed automatically when needed.
- Automatically published source-backed update
TeraWulf Inc. (NASDAQ:WULF) announced plans to raise approximately $3.5 billion in debt, including its first leveraged loan and high-yield bonds, to finance a new data center campus in Kentucky. Morgan Stanley is expected to lead the financing. CFO Patrick Fleury stated the company signed a 20-year lease with Anthropic for the facility, projected to generate about $19 billion in revenue. On July 8, Morgan Stanley analyst Stephen Byrd raised the price target on TeraWulf to $72 from $66.50, maintaining an Overweight rating. Needham analyst John Todaro also raised the price target to $33 from $28, keeping a Buy rating, citing one of the most attractive leases in the sector. The article positions TeraWulf among growth stocks with high upside potential.
Source report
Jeff Lewis Tue, July 14, 2026 at 9:09 AM PDT | 2 min read
- WULF -6.51%
TeraWulf Inc. (NASDAQ:WULF) is among the 10 Best Growth Stocks With Highest Upside Potential.
On July 9, 2026, Bloomberg's Aaron Weinman, Michelle Cheng, and Gowri Gurumurthy reported that TeraWulf plans to raise approximately $3.5 billion in debt, including its first leveraged loan, to finance a new data center campus in Kentucky. Morgan Stanley (MS) is expected to lead the financing.
CFO Patrick Fleury stated that the potential transaction would also include high-yield bonds. Fleury added that TeraWulf signed a 20-year lease with Anthropic for its Kentucky facility, which is expected to generate approximately $19 billion in revenue.
Analyst Updates
- Morgan Stanley: Analyst Stephen Byrd raised the firm's price target on TeraWulf to $72 from $66.50 on July 8, maintaining an Overweight rating.
- Needham: Analyst John Todaro raised the price target to $33 from $28 on July 7, keeping a Buy rating. Todaro noted that the company signed one of the more attractive leases in the sector, demonstrating that demand remains robust. Needham also updated its estimates to remove the Abernathy JV and include the latest Justified data center lease.
Company Overview
TeraWulf Inc. (NASDAQ:WULF) owns, develops, and operates digital infrastructure in the United States.
While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. For an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy.
Disclosure: None. Follow Insider Monkey on Google News.
Source
Yahoo FinanceWestern
Part of this Story
TeraWulf Signs $19B AI Lease with Anthropic, Sells Texas Stake