Terawulf Inc. (NASDAQ:WULF) is one of the best hot stocks to buy for June.
On June 5, reports emerged indicating that Terawulf Inc. (NASDAQ:WULF) is exploring leveraged loan opportunities following successful bond sales
The company is reportedly eyeing a leveraged loan to finance its AI infrastructure expansion following a landmark junk bond sale. The data center giant has already engaged Morgan Stanley and other banks to develop loan products to raise the much-needed capital. The push comes on the heels of a $3.2 billion high-yield bond sale in October, which the company is using to expand its data center in New York.
Terawulf received $11 billion worth of orders from investors as part of the bond sale. Terawulf is tapping the debt market as it continues to pivot away from its Bitcoin mining roots. It has set its sights on expanding its data center footprint to capitalize on the AI boom.