Morgan Stanley backs TeraWulf with $400M credit line

TeraWulf: TeraWulf develops and operates powered data center sites, focusing on high-performance computing for AI and related workloads. It is transitioning from its cryptocurrency mining origins by securing long-term leases with AI clients. The company is receiving increased Wall Street financing to advance these infrastructure projects. Morgan Stanley: Morgan Stanley is a major global investment bank active in equities trading, wealth management, and financing. Its leadership has recently noted the role of AI infrastructure buildout as a key economic driver alongside other market forces. The bank is providing expanded credit support to TeraWulf as the latter scales its AI data center operations. Analyst View: Research from major banks highlights undervaluation in select powered data center names despite market volatility. Sector Shift: Bitcoin mining operators are repurposing power and sites for AI infrastructure amid growing computational demand. Financing Support: Leading banks are extending larger credit lines to companies building AI data center capacity.