Morgan Stanley-led credit line for TeraWulf grows to $400 million

The Bitcoin miner expanded its revolving credit facility and dropped a letters-of-credit cap as it builds out power and AI data center capacity TeraWulf now has a much bigger corporate credit card, and Morgan Stanley ’s name is on the statement. The Bitcoin miner and high-performance computing company has amended its senior secured revolving credit agreement. Total commitments rose from $250 million to approximately $400 million. Morgan Stanley Senior Funding, Inc. serves as administrative and collateral agent on the facility. TeraWulf (NASDAQ: WULF) signed Amendment No. 1 to its Revolving Credit Agreement on October 23, 2026. The original agreement was dated May 7, 2026. The headline change is size. Going from $250 million to approximately $400 million works out to an increase of roughly 60% in committed capacity.

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