TeraWulf fully repaid its term loan early, with a total final payment amount of $77.5 million

ChainCatcher news, according to official sources, Bitcoin miner TeraWulf announced the early full repayment of its term loan, eliminating all outstanding debt, with a total final payment amount of $77.5 million, which includes prepayment fees and accrued interest.

TeraWulf stated that after repaying 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)/artificial intelligence applications. TeraWulf plans to expand its operational infrastructure capacity from 210 MW to 295 MW this year and has the capability to further increase capacity by 300 MW in the short term.