TeraWulf stock jumps over 12% on news of Kentucky data center site acquisition
The Block
Bitcoin mining firm TeraWulf saw its stock rise over 12% after acquiring a Kentucky site for a 1-gigawatt AI and HPC data center.Summary
Bitcoin mining company TeraWulf Inc. has acquired a site in Eastern Kentucky, known as the Muskie Data Campus, to develop a hyperscale data center capable of supporting over 1 gigawatt of power for AI and high-performance computing. Following the announcement, TeraWulf's stock (Nasdaq: WULF) increased by more than 12%. This expansion aligns with the company's strategic pivot toward HPC services, which recently surpassed its bitcoin mining revenue. The project, supported by a new 345 kV substation, highlights TeraWulf's focus on building large-scale digital infrastructure.
(Source：The Block)