TeraWulf Drops 5% as $3.5B Debt Raises Pressure on $19B Anthropic Deal
TeraWulf Inc. shares fell 5.3% to finish at $21.97 on Friday. Investors are looking at the financing needs for its planned AI data center in Kentucky. The stock drop came after news broke that TeraWulf is looking to raise around $3.5 billion to fund the Anthropic-leased project.