TeraWulf jumps 13% on AI data center expansion in Kentucky
CoinDesk
TeraWulf shares rose 13% following the announcement of a new 1-gigawatt AI and high-performance computing data center campus in Kentucky.Summary
TeraWulf (WULF) stock surged 13% after the company announced the acquisition of a development site in Kentucky designated for a new 1-gigawatt AI and high-performance computing (HPC) campus. Named the Muskie Data Campus, the project is scheduled to deliver 500 megawatts by late 2028, with an additional 500 megawatts expected by 2030. The company highlighted that power access and transmission infrastructure are now critical constraints in the AI industry, rather than hardware availability. This move reflects a broader trend among bitcoin miners diversifying into AI infrastructure to capitalize on the increasing energy demands of artificial intelligence.
(Source：CoinDesk)