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FinanceTeraWulf plans $3.5 bln debt raise for Kentucky data center campus
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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 revealed that TeraWulf signed a 20-year lease with AI company Anthropic for the facility, which is projected to generate about $19 billion in revenue. The news follows positive analyst actions: Morgan Stanley raised its price target to $72 with an Overweight rating, and Needham raised its target to $33 with a Buy rating, citing robust demand and an attractive lease. TeraWulf owns, develops, and operates digital infrastructure in the United States.
Source report
Jeff Lewis Tue, July 14, 2026 at 9:09 AM PDT | 2 min read
- WULF: -0.21%
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. He 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
- July 8 – Morgan Stanley analyst Stephen Byrd raised the firm's price target on TeraWulf to $72 from $66.50, maintaining an Overweight rating.
- July 7 – Needham analyst John Todaro raised the price target to $33 from $28, 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.
About TeraWulf
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.
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Source
Yahoo FinanceWestern
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TeraWulf Signs $19B AI Lease with Anthropic, Sells Texas Stake