TeraWulf acquires Kentucky AI data center site with planned 1 GW capacity
Cointelegraph
Bitcoin miner TeraWulf has acquired a site in Kentucky to develop a 1 gigawatt data center for AI and high-performance computing.Summary
TeraWulf, a prominent Bitcoin mining firm, has acquired a development site in Kentucky to expand its artificial intelligence and high-performance computing (HPC) capacity. The project is designed to support 1 gigawatt of power, with phases coming online in 2028 and 2030. This acquisition follows a significant 117% increase in the company's HPC-related revenue and is supported by a $3 billion financing deal involving Morgan Stanley and Google. TeraWulf’s move reflects a broader industry trend where crypto miners are diversifying their business models to meet the surging demand for AI infrastructure, a strategy that has positively impacted the company's stock market performance.
(Source：Cointelegraph)