WULF

TeraWulf announced the acquisition of a Kentucky site intended for an AI and high-performance computing data center with a planned capacity of 1 GW, to be developed in multiple phases through 2030. The move marks a continued strategic pivot from Bitcoin mining into AI/HPC infrastructure. WULF shares surged following the announcement.

TeraWulf shares surged 13% after the company announced an AI data center expansion in Kentucky. The move signals a strategic pivot or growth push into AI infrastructure. No additional financial details or partnership terms were disclosed in the headline.

TeraWulf has acquired a 1+ gigawatt HPC campus in Eastern Kentucky, branded as the "Muskie Data Campus," positioning it as one of the largest scalable AI and high-performance computing development sites in the state. The acquisition expands TeraWulf's infrastructure platform beyond its existing Bitcoin mining operations into AI/HPC hosting. No financial terms of the deal were disclosed in the announcement.

TeraWulf reported a 117% quarter-on-quarter increase in HPC/AI lease revenue to $21 million, reflecting its ongoing pivot from Bitcoin mining to AI infrastructure. The company posted a $427 million net loss for the quarter, driven by the costs associated with this transition. Declining Bitcoin mining income continues to weigh on overall financials as the company repositions its business model.