TeraWulf expands senior secured revolving credit facility to about $400 million
TeraWulf Inc. amended its revolving credit agreement on Oct. 23, 2026, raising the senior secured facility from $250 million to $400 million. The amendment adds a $150 million uncommitted accordion feature and eliminates a $150 million letter‑of‑credit sublimit. An optional increase could lift the total commitment to $550 million, providing additional financing for its data‑center expansion.
Why it matters
The larger facility gives TeraWulf more liquidity to fund utility obligations and growth of its mining data centers, reducing reliance on letters of credit. The added capacity may improve the company’s ability to meet capital‑intensive expansion plans.
Key facts
- 1The senior secured revolving credit facility was increased from $250 million to $400 million. marketscreener.com
- 2The amendment became effective on October 23, 2026. marketscreener.com
- 3It adds a $150 million uncommitted accordion (or option) to the facility. marketscreener.com
- 4It removes a $150 million letter‑of‑credit sublimit. marketscreener.com
- 5The facility includes an option to increase the total commitment to $550 million. theenergymag.com
- 6The expansion supports utility commitments for TeraWulf’s data‑center growth. theenergymag.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.