TeraWulf, the Bitcoin miner that has been shifting into data center services, is lining up about $3 billion in debt financing to bankroll a large build-out of facilities — and Google is closely tied to the deal, according to reports.

Company officials have named Morgan Stanley as the lead arranger, and the package could be sold as high-yield bonds or leveraged loans. The planned timing is as soon as October, though terms may still change.

Planned $3 Billion Package Backed By Google

According to Bloomberg and other outlets, the financing is structured to include support from Google, which is reported to have committed a $1.4 billion backstop tied to the transaction.

Other reports say Google’s total support across related arrangements could reach about $3.2 billion. TeraWulf has also

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