Bitcoin mining company TeraWulf pays off debt, eyes AI expansion. Bitcoin mining company TeraWulf Inc. has repaid its remaining $77.5 million term loan ahead of schedule, eliminating all its outstanding debt. This move grants the company greater financial flexibility to capitalize on the growing demand for energy infrastructure, particularly for powering generative AI technology. The company said on Tuesday that it plans to capitalize on generative AI to reduce funds and outflows. TeraWulf’s shares have more than doubled this year, bolstered by the rising demand for AI hosting. This success follows a trend with other Bitcoin miners, such as Core Scientific, which recently secured $3.5 billion in hosting contracts with AI startup CoreWeave.
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