Key Takeaways WULF has amassed over $5B in long-term debt to accelerate its HPC and AI data-center expansion.Pressure is rising with $2.2B in liabilities against $2.5B in assets at the end of September 2025.Funding needs are growing as ambitions reach 250-500 MW yearly while APLD and CLSK scale HPC footprints.TeraWulf’s (WULF) rapid shift toward high-performance computing (HPC) and AI data centers has reshaped its growth trajectory. However, this rapid expansion is being driven by a debt-driven investment s ...