According to Foresight News, Bitcoin miner TeraWulf announced that it had repaid its term loan in full ahead of schedule, eliminating all outstanding debt, with the final payment totaling $77.5 million, including prepayment fees and accrued interest.
TeraWulf said that following the repayment of the term loan, the company has no outstanding debt, thereby maximizing financial flexibility to expand and deploy its valuable and low-cost energy infrastructure for Bitcoin mining and high-performance computing (HPC)/AI applications.
TeraWulf plans to expand its operational infrastructure capacity from 210 MW to 295 MW this year, with the ability to increase capacity by a further 300 MW in the near term.
