04:25 PM EDT, 10/16/2025 (MT Newswires) -- TeraWulf ( WULF ) said late Thursday that its unit has priced a $3.2 billion private offering of 7.75% senior secured notes due 2030 at par.

The unit, WULF Compute, plans to use the proceeds to fund the expansion of a portion of its data center at its Lake Mariner campus in New York, according to a statement.

The offering is expected to close on Oct. 23, it added.