WULF Stock Hits Six-Month Weekly Low As TeraWulf Secures Larger Credit Line For AI Data Center Expansion
- TeraWulf shares reached their lowest weekly level in at least six months, after falling more than 60% since June.
- On Friday, the company announced that it had increased its senior secured revolving credit facility from $250 million to $400 million.
- TeraWulf signed a 20-year lease with Anthropic for about 401 megawatts of IT capacity at its Justified Data Campus.
Shares of TeraWulf Inc. (WULF) ended Friday at their lowest weekly level in at least six months. This continued a decline that has erased more than 60% of the stock's value since June. The company announced that it had increased its senior secured revolving credit facility by about 60%, bringing it to about $400 million. This gives the company more access to borrowed money as it builds data centers for AI customers.
According to a filing with the U.S. Securities and Exchange Commission, the company, which is based in Easton, Maryland, amended the credit facility on Friday to immediately increase the total amount lenders had agreed to provide from $250 million. Morgan Stanley Senior Funding, Inc. serves as both the administrative agent and the collateral agent.
WULF stock closed at $11.32, down 3.1% for the week. Its price ranged from $11.07 to $13.05 during the week. On Stocktwits, retail investors remained ‘bullish’ on WULF, while discussion about the stock was ‘high’ over the previous day.
TeraWulf's Credit Line Can Be Expanded
The updated agreement adds an option called an “uncommitted accordion.” This allows the total credit amount to increase by another $150 million, but only if additional lenders agree to provide more money and other conditions are met. The change also removes a $150 million limit on letters of credit.
TeraWulf said it would include the full updated agreement in its report for the three months ending September 30.
The revolving credit facility is expected to mature in April 2030. When the facility was announced, company Chief Financial Officer Patrick Fleury said that arranging a credit facility with many lenders was a major step forward for the company's operations. The agreement was signed on May 7 and began with $250 million in committed credit.
Morgan Stanley Arranges Major TeraWulf Financing Deals
Morgan Stanley has played an important role in financing TeraWulf's growth. In October 2025, the bank was the only bookrunner for a $3.2 billion offering of senior secured notes by TeraWulf's subsidiary, WULF Compute. The money helped pay for part of an expansion of the company's data center at its Lake Mariner campus in New York.
Morgan Stanley also serves as the administrative agent for a separate $500 million bridge credit facility with a 364-day term and delayed access to the funds. This facility helps finance TeraWulf's data center in Hawesville, Kentucky.
TeraWulf Expands Its Anthropic Deal and Sells Its Stake in Abernathy
The company signed a 20-year lease with Anthropic (ANTHZZX) for about 401 megawatts of essential IT capacity at its Justified Data Campus in Kentucky. The additional available credit comes as TeraWulf takes on larger projects.
TeraWulf said the lease is expected to generate about $19 billion in contracted revenue during its initial term. That amount could rise to about $33 billion if both five-year extensions are used. The company also agreed to sell its 50.1% stake in the Abernathy joint venture in exchange for about $530 million in cash.