TeraWulf expands into AI data centers in Kentucky

TeraWulf's stock surged 13% following the announcement of its expansion into AI and high-performance computing (HPC) infrastructure. The company has acquired a large development site in Kentucky, capable of supporting over 1 gigawatt of capacity. The initial phase, expected to deliver 500 megawatts in the second half of 2028, highlights the critical role of power and transmission infrastructure in the burgeoning AI sector. This strategic pivot reflects a broader trend among bitcoin miners repositioning themselves as essential players in the AI ecosystem, capitalizing on the immense power demands of advanced computing.