Bitcoin miner TeraWulf is reportedly pursuing a $3.5 billion debt financing plan for a data center campus in Kentucky, according to separate reporting. The financing is described as being led by Morgan Stanley. The Kentucky facility is linked through leasing arrangements to Anthropic, an AI company, which is expected to use computing capacity at the campus. The sources characterize the proposal as a debt raise rather than an equity offering. Details such as final terms, timing, and whether the financing has been formally approved or completed are not provided in the brief accounts. The reports also do not specify the total number of data center units or the stage of construction for the campus. Overall, the coverage centers on TeraWulf’s efforts to secure large-scale financing to support its Anthropic-associated Kentucky data center operations.