TeraWulf Stock Pops as Bitcoin Miner Acquires Kentucky Site to Meet AI Power Demands

In brief

• TeraWulf acquired an eastern Kentucky site capable of supporting more than 1 gigawatt of AI and high-performance computing data center capacity.
• The first 500 MW is set to come online in 2028 with another 500 MW planned by 2030.
• The acquisition reflects TeraWulf’s broader strategy of…