Financing secured before data center construction
Company: TeraWulf
The claim, verbatim
CEO Paul Prager said TeraWulf follows a financing-first approach, securing financing, power and fixed-price contracts before building its AI data centers, and dismissed concerns that the unfinished projects could become stranded assets.
Source (primary)
TeraWulf shares jump 7% as CEO denies stranded data center fears, citing secured financing and tenants. - Pluang (-, news_article)
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Quote: “emphasizing a financing-first approach with secured power, fixed-price contracts, and long-term tenants before construction”
How we checked this
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Additional evidence
confirms TeraWulf shares jump 7% as CEO denies stranded data center fears, citing secured financing and tenants. - Pluang
Quote: “emphasizing a financing-first approach with secured power, fixed-price contracts, and long-term tenants before construction”