Aerial view of TeraWulf's Kentucky AI data center site showcasing modern facilities in a rural setting.
Image generated by AI

TeraWulf acquires Kentucky site for 1 GW AI data center

Image generated by AI
English

TeraWulf announced the purchase of a Kentucky development site to support more than 1 gigawatt of AI and high-performance computing capacity. The bitcoin miner turned infrastructure developer saw its stock rise 13 percent following the news.

TeraWulf acquired the Muskie Data Campus site in Kentucky, which is capable of supporting over 1 gigawatt of AI and HPC infrastructure. The company plans an initial 500 megawatts of capacity starting in the second half of 2028, with an additional 500 megawatts targeted by 2030.

What people are saying

Initial reactions on X focused on TeraWulf's pivot from Bitcoin mining to AI infrastructure, highlighting the 1 GW site's power advantages and stock surge. Analysts praised the strategic acquisition of the Muskie Data Campus with phased development and existing grid connections. Some users noted power as the key bottleneck in AI growth, while others expressed mild skepticism about long-term grid competition between crypto and AI. High-engagement posts from traders and news accounts emphasized execution certainty and diversification benefits.

Related Articles

Photorealistic image of Hut 8's Texas AI data center with a stock surge chart overlay, illustrating the $9.8 billion lease announcement.
Image generated by AI

Hut 8 shares surge nearly 30 percent after signing $9.8 billion ai data center lease

Reported by AI Image generated by AI

Hut 8 announced a 15-year lease valued at $9.8 billion for a large-scale AI data center in Texas, sending its shares up nearly 30 percent on Wednesday. The deal covers 352 megawatts of capacity at the company's Beacon Point campus and includes options that could raise the total value to $25.1 billion.

TeraWulf signs $19 billion AI lease with Anthropic

TeraWulf has signed a 20-year lease to provide AI infrastructure to Anthropic. The agreement is expected to generate $19 billion in revenue. Bitcoin mining stocks rose after the announcement.

Mara Holdings agrees to buy Texas power site for mining and AI

Reported by AI

Mara Holdings has agreed to purchase a large plot of land in Texas with up to 2 gigawatts of power capacity. The deal supports the company's Bitcoin mining operations and expanding AI computing efforts. Shares of the company rose about 15 percent following the announcement.

Europe

Softbank pledges up to 75 billion euros for data centers in France

Crypto

K Wave Media shifts $485 million from Bitcoin to AI

Tesla

Tesla and Sunrun form 16 GW virtual power plant for data centers

Meta secures massive AWS deal for AI infrastructure

Meta has quietly finalized a large-scale agreement with Amazon Web Services to rent its AI infrastructure, moving away from owning chips and expanding its own data centers. The deal marks an unprecedented shift to relying on AWS's backbone for AI needs.

Rural US communities resist data center expansion

Reported by AI

Residents in rural areas across the United States are opposing new data center projects over concerns about water supplies, energy costs, and farmland loss. In Tazewell County, Illinois, locals successfully blocked a proposed facility after packed council meetings and petitions. The backlash highlights tensions between AI infrastructure growth and agricultural needs.

July 20, 2026 22:23

Bitcoin mining stocks rise after major AI contracts

July 03, 2026 03:46

SoftBank plans to rent AI compute in US at 10-gigawatt scale

May 19, 2026 09:41

Bernstein says bitcoin miners gain strategic role in AI infrastructure

May 11, 2026 08:13

Start-up builds floating data centres powered by waves

April 30, 2026 13:22

MARA Holdings agrees to acquire Long Ridge Energy for $1.5 billion

This website uses cookies

We use cookies for analytics to improve our site. Read our privacy policy for more information.
Decline