PANews|May 26, 2026 14:52
[TeraWulf Plans to Build 1GW AI Data Center in Kentucky, Stock Price Soars 13%]
According to CoinDesk, Bitcoin mining company turned HPC infrastructure developer TeraWulf (WULF) announced the acquisition of a site in Kentucky, USA, for the development of a large-scale data center capable of supporting over 1 gigawatt of AI and high-performance computing (HPC) workloads. The initial 500 megawatts are expected to gradually come online starting in the second half of 2028, with a goal to add another 500 megawatts by 2030. The company stated that amid the AI boom, the market's critical constraint has shifted from computing hardware to power and transmission infrastructure. Driven by the news, TeraWulf's stock price surged 13% intraday, while stocks of other companies in the same sector, including Hut 8 (HUT), Keel Infrastructure (KEEL), IREN (IREN), and Cipher Mining (CIFR), also rose in tandem.
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