Aerial view of TeraWulf's Kentucky AI data center site showcasing modern facilities in a rural setting.
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TeraWulf acquires Kentucky site for 1 GW AI data center

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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.

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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.

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Photorealistic image of Hut 8's Texas AI data center with a stock surge chart overlay, illustrating the $9.8 billion lease announcement.
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Hut 8 shares surge nearly 30 percent after signing $9.8 billion ai data center lease

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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.

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