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Terawulf Inc. (NASDAQ:WULF) is one of the best hot stocks to buy for June. On June 5, reports emerged indicating that Terawulf Inc. (NASDAQ:WULF) is exploring leveraged loan opportunities following successful bond sales. The company is reportedly eyeing a leveraged loan to finance its AI infrastructure expansion following a landmark junk bond sale.

The data center giant has already engaged Morgan Stanley and other banks to develop loan products to raise the much-needed capital. The push comes on the heels of a $3.2 billion high-yield bond sale in October, which the company is using to expand its data center in New York. Terawulf received $11 billion worth of orders from investors as part of the bond sale.

Terawulf is tapping the debt market as it continues to pivot away from its Bitcoin mining roots. It has set its sights on expanding its data center footprint to capitalize on the AI boom. The company has already acquired a high-performance computing development site to build an HPC infrastructure.

TeraWulf Inc. (NASDAQ:WULF) is a digital infrastructure company that builds, owns, and operates large-scale data centers for Bitcoin mining, Artificial Intelligence (AI), and high-performance computing (HPC) hosting. The company is strategically transitioning into a diversified computing platform by repurposing legacy industrial sites into massive, low-carbon, power-dense energy campuses.

While we acknowledge the potential of WULF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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