TeraWulf buys 1.5 GW power sites in Kentucky and Maryland; shares jump 11%
TeraWulf acquired two power-dense industrial sites — Hawesville, Kentucky and the Morgantown Generating Station in Maryland — adding about 1.5 gigawatts (GW) and bringing the company’s total capacity to 2.8 GW. The Hawesville site offers immediate access to 480 megawatts (MW) of power, an on-site substation, high-voltage transmission lines and over 250 buildable acres for phased development. The Morgantown facility currently supplies 210 MW with expansion potential to 1 GW and could host an initial 500 MW of compute infrastructure. TeraWulf said it will pair future computing with added generation to remain net-positive for the grid. The company now operates five sites and targets 250–500 MW of newly contracted capacity per year. Following the announcement, TeraWulf (WULF) shares rose about 11% in pre-market trading. Primary keywords: TeraWulf, data center expansion, gigawatts, crypto mining. Secondary/semantic keywords used: power-rich sites, Hawesville, Morgantown Generating Station, compute capacity, AI infrastructure, grid reliability, WULF. This expansion positions TeraWulf to supply large-scale computing demand (including AI workloads) and supports regional grid stability—details traders should watch when assessing TeraWulf equity (WULF) and sector exposure to mining-to-AI infrastructure conversion.
Bullish
The news is bullish for TeraWulf equity and constructive for the crypto-mining-to-AI infrastructure theme. Key reasons: 1) Capacity and revenue optionality — adding 1.5 GW (total 2.8 GW) materially increases potential compute-hosting revenue and scale economies; 2) Immediate power availability — Hawesville’s 480 MW and Morgantown’s live 210 MW reduce deployment lead times and lower execution risk; 3) Strategic positioning for AI demand — miners repurposing power-heavy sites for AI/data workloads is a market growth vector that can command higher-margin contracts than pure mining; 4) Market reaction — an 11% pre-market jump indicates positive investor sentiment and potential momentum in WULF. Short-term effects: likely a positive re-rating of WULF shares, increased trading volume, and sector peers may see correlated moves if investors reallocate into infrastructure plays. Watch for dilution risk if expansion is funded by equity, and execution timelines—misses could temper gains. Long-term effects: successful development and contracted hosting could sustain higher earnings and justify a higher valuation multiple; conversely, oversupply in data-center capacity or lower power economics could cap upside. Comparable past events: Similar capacity announcements by other listed miners and data-center operators often produce near-term bullish moves followed by volatility as buildout milestones and financing details emerge. Traders should monitor WULF headlines, permitting/development milestones, power contracts, and macro indicators (power prices, AI compute demand) to time entries and manage risk.