TeraWulf jumps 13% on AI data center expansion in Kentucky
Key takeaways
- The bitcoin miner turned HPC infrastructure developer unveiled plans for a new 1 gigawatt facility in Kentucky aimed at servicing AI workloads.By Krisztian Sandor|Edited by Stephen Alpher May 26, 2026, 2:48 p.m.
- The company said it acquired a hyperscale development site capable of supporting more than 1 gigawatt of AI and HPC infrastructure over time.
- The firm said the Kentucky project underscores how access to electricity and transmission infrastructure has become one of the key battlegrounds in the AI boom.
The bitcoin miner turned HPC infrastructure developer unveiled plans for a new 1 gigawatt facility in Kentucky aimed at servicing AI workloads.By Krisztian Sandor|Edited by Stephen Alpher May 26, 2026, 2:48 p.m. 1 min read Make preferred on Bitcoin miners (Shutterstock)What to know: Tera Wulf surged 13% on Tuesday after announcing a new facility in Kentucky to serve to serve AI and high-performance compute demand.Former bitcoin miners tied to the AI infrastructure boom broadly moved higher as the AI spending momentum continues.TeraWulf (WULF) surged 13% early Tuesday as the company unveiled plans for a new large-scale AI and high-performance computing (HPC) campus in Kentucky.
The company said it acquired a hyperscale development site capable of supporting more than 1 gigawatt of AI and HPC infrastructure over time. The so-called Muskie Data Campus is expected to deliver an initial 500 megawatts starting in the second half of 2028, with another 500 megawatts targeted by 2030.
The firm said the Kentucky project underscores how access to electricity and transmission infrastructure has become one of the key battlegrounds in the AI boom.