$3.2B Senior Secured Green Notes due 2030
Company: TeraWulf - Project: Lake Mariner Anthropic AI Factory
The claim, verbatim
TeraWulf priced a $3.2 billion offering of 7.750% senior secured notes due 2030 at par to finance construction of 522.5 MW of AI/HPC data centers at Lake Mariner Campus
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗
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 10, 2026. The cited source supports every part of this claim.
The presentation states each element of the offering, including amount, coupon, maturity, par pricing, the 522.5 MW use of proceeds, and the Lake Mariner location.
Confirmed in the source:
- TeraWulf priced a $3.2 billion offering of senior secured notes
- The notes carry a 7.750% coupon
- The notes are due 2030
- The notes were priced at par
- Proceeds finance construction of 522.5 MW of AI/HPC data centers
- The data centers are at TeraWulf's Lake Mariner Campus
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23306/pdf/WULF_Q3_2025_Investor_Update_%28Nov_2025%29vF.pdf) in full (31,442 characters, retrieved September 1, 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”