TeraWulf acquires Kentucky AI data center site with planned 1 GW capacity

TeraWulf acquired a Kentucky data center site supporting 1 gigawatt of AI and HPC capacity, with 500 megawatts launching by 2028. WULF stock surged 13.6% on the announcement. The expansion reflects crypto miners' shift toward AI infrastructure as Bitcoin mining margins compress. TeraWulf's HPC revenue jumped 117% last quarter, backed by a $3 billion financing deal with Morgan Stanley and Google support.
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