Bitcoin mining company TeraWulf Inc. announced plans to raise US$3.2 billion by issuing senior secured bonds, the largest single debt financing attempt by a listed Bitcoin mining company, Internet reports. Terra Wolf said on Tuesday that the issuance of senior secured bonds due 2030 will be conducted in the form of private placement and will be promoted to qualified institutional investors in accordance with Section 144A of the Securities Act. The funds raised will be used for the next phase of the development of the Lake Mariner project, which is being transformed into a hybrid park that integrates Bitcoin mining and artificial intelligence (AI) hosting.