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Bitcoin miner TeraWulf is planning to raise about $3.5 billion in debt financing to build an AI data center campus in Kentucky that will be leased to Anthropic. The financing is expected to be initiated this year, led by Morgan Stanley, and may include leveraged loans and high-yield bonds. The campus has already signed a 20-year lease with Anthropic, expected to generate about $19 billion in contract revenue. (Cointelegraph)