TeraWulf Adds 1.5 GW With Kentucky and Maryland Acquisitions, Pushing Capacity to 2.8 GW

Overview

• TeraWulf said the late-Monday deals lifted its total energy and computing footprint to 2.8 GW, with shares rising about 11% in pre-market trading Tuesday.
• The Hawesville, Kentucky site spans over 250 buildable acres with immediate access to 480 MW through an on-site substation and high-voltage transmission lines.
• The Morgantown, Maryland generating station delivers 210 MW today, has expansion potential to 1 GW, and could host 500 MW of compute in an initial phase.
• The company plans phased buildouts across its now five-site portfolio and is targeting 250–500 MW of new contracted capacity each year.
• TeraWulf says future compute installations will be paired with added generation to keep sites net-positive for the grid as miners position assets for AI and data workloads.