$3.2B senior secured green notes
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
On October 16, TeraWulf priced a $3.2 billion offering of 7.750% senior secured green notes due 2030 at par, issued by WULF Compute LLC, to finance construction of 522.5 MW of AI/HPC data centers at Lake Mariner.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗Archive.org ↗
Quote: “On October 16th, TeraWulf priced a $3.2 billion offering of 7.750% senior secured notes due 2030 at par to finance the construction of 522.5 MW of AI / High Powered Compute Data Centers at our Flagship Lake Mariner Campus”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The financing slides state every element: the date, amount, coupon, green senior secured status, 2030 maturity, par pricing, the WULF Compute LLC issuer, and the 522.5 MW Lake Mariner purpose.
Confirmed in the source:
- TeraWulf priced the offering on October 16
- The offering was $3.2 billion
- The notes carry a 7.750% coupon
- The notes are senior secured green notes
- The notes are due 2030
- The notes were priced at par
- The notes were issued by WULF Compute LLC
- The proceeds finance construction of 522.5 MW of AI/HPC data centers at Lake Mariner
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23306/pdf/WULF_Q3_2025_Investor_Update_%28Nov_2025%29vF.pdf) in full (31,442 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “On October 16th, TeraWulf priced a $3.2 billion offering of 7.750% senior secured notes due 2030 at par to finance the construction of 522.5 MW of AI / High Powered Compute Data Centers at our Flagship Lake Mariner Campus”