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TeraWulf Inc. is expected to raise approximately $3 billion to support the build-out of its data centers via a structure supported by Google Inc., according to Patrick Fleury, the crypto miner’s finance chief.
Morgan Stanley is arranging the potential transaction for TeraWulf, and a deal — in either the high-yield bond or leveraged loan markets — could launch as soon as October, Fleury said in an interview.
Tera joins the trend
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We were right last time we talked about this; it looks like it's overbought right now. But maybe it's just a small pullback.
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