$360.7M letters of credit posted for Muskie
Company: TeraWulf
The claim, verbatim
TeraWulf posted $360.7 million in letters of credit in July for power-service and transmission-infrastructure obligations at its Muskie Data Campus; $74 million under the revolver and $286.7 million under a separate facility backed by $295.3 million in cash collateral.
Source (primary)
TeraWulf Expands Revolving Credit Line 60% to About $400 Million - TheEnergyMag (-, news_article)
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Quote: “it posted $360.7 million in letters of credit in July for power-service and transmission-infrastructure obligations at its Muskie Data Campus in eastern Kentucky”
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Additional evidence
confirms TeraWulf Expands Revolving Credit Line 60% to About $400 Million - TheEnergyMag
Quote: “it posted $360.7 million in letters of credit in July for power-service and transmission-infrastructure obligations at its Muskie Data Campus in eastern Kentucky”