Bitcoin miner TeraWulf has acquired a big information middle improvement web site within the US state of Kentucky, including vital capability to its synthetic intelligence and high-performance computing (HPC) enterprise as miners proceed diversifying past Bitcoin.
TeraWulf stated Tuesday the location might ultimately assist greater than 1 gigawatt of AI and HPC capability. The corporate expects the primary 500 megawatts to come back on-line in 2028, with one other 500 megawatts focused by 2030.
The positioning contains deliberate grid infrastructure and long-term energy agreements, underscoring TeraWulf’s ongoing shift towards AI and HPC internet hosting alongside its conventional Bitcoin mining operations.
The acquisition comes as TeraWulf’s HPC-related income jumped 117% in the latest quarter, pushed largely by its Western New York Lake Mariner facility, considered one of North America’s largest HPC campuses. Regardless of income development, the corporate posted a wider quarterly loss because it continues to speculate closely in AI infrastructure.
Supply: Rittenhouse Analysis
Its AI technique is backed by a $3 billion financing deal organized by Morgan Stanley and introduced final September to assist information middle enlargement. Google helps backstop the debt financing.
TeraWulf is amongst a number of Bitcoin mining firms increasing into AI and high-performance computing as margins within the mining sector come underneath strain. Others pursuing related methods embody Hut 8, HIVE Digital, MARA Holdings and IREN.
Associated: TeraWulf misses This fall 2025 estimates as Bitcoin mining income falls
WULF inventory rises on information middle enlargement information
Information of the Kentucky web site acquisition boosted TeraWulf (WULF) shares on Tuesday, as buyers guess the deal would strengthen the corporate’s AI and high-performance computing enlargement technique.
The inventory rose as a lot as 13.6% in early New York buying and selling, climbing to just about $26 per share, its highest stage in nearly three weeks. Shares of business tracker CoinShares Bitcoin Mining ETF (WGMI) have been up 4.5% finally look. TeraWulf is the third-largest holding, at 10.86%, in that exchange-traded fund.
TeraWulf has been among the many best-performing crypto mining shares this 12 months, with shares up almost 120% for the reason that begin of 2026. The rally has been pushed largely by investor optimism across the firm’s AI infrastructure enterprise, rising HPC-related income and broader demand for information middle capability tied to synthetic intelligence workloads.
Terawulf (WULF) inventory. Supply: Yahoo Finance
The positive factors have considerably outpaced the broader crypto mining sector, the S&P 500 index and far of the standard know-how sector.
Associated: Crypto Biz: Establishments tighten their grip on Bitcoin, AI and prediction markets