TeraWulf is gunning to raise a $3.2 billion secured loan, right as bitcoin miner debt tops $20 billion.
Welcome back to The Mining Pod! This week, we dive into TeraWulf’s $3.2B secured note for AI infrastructure—the largest ever for a public miner – and Bitfarms’ $588M convertible note at a time when total industry debt crosses $20B.Plus, why data center companies are salvaging jet turbines to power data centers, CleanSpark’s SVP of AI Data Centers hire, and for this week’s cry corner, pour one out for the Kadena blockchain…
Notes:
• TeraWulf raised $3.2B secured note at 7.75%
• Bitfarms raised $588M convertible note
• Total Bitcoin miner debt exceeds $20 billion
• Hash price currently at $47/PH/day
• Next difficulty adjustment projected +4.7%
Timestamps:
00:00 Start
02:01 Difficulty Report by Luxor
05:00 Terawulf debt
08:40 Bitfarms raises $588M
10:55 Jet engine generators?
15:55 Cleanspark hiring
18:50 Miner debt record
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