TeraWulf Expands Digital Infrastructure with 1.5 GW Capacity Acquisitions

summarizeSummary

TeraWulf announced the acquisition of two brownfield sites in Kentucky and Maryland, adding approximately 1.5 gigawatts of capacity to its digital and power infrastructure portfolio, more than doubling its total platform.

check_boxKey Events

• Acquisition of Hawesville, Kentucky Site

  TeraWulf acquired a former industrial site in Hawesville, Kentucky, providing over 250 buildable acres with immediate access to 480 MW of existing power availability and a direct connection to the regional transmission network. The acquisition closed on February 2, 2026.

• Acquisition of Morgantown Generating Station, Maryland

  The company signed an agreement in late 2025 to acquire the Morgantown Generating Station, a grid-connected power facility with approximately 210 MW of operational capacity, expandable up to 1 GW. This acquisition is subject to regulatory approvals, including from FERC.

• Significant Portfolio Expansion

  These acquisitions collectively add approximately 1.5 GW of capacity, more than doubling TeraWulf's total infrastructure platform to 2.8 GW across five sites, supporting future HPC and AI data center development.

auto_awesomeAnalysis

TeraWulf's strategic acquisition of two brownfield sites in Kentucky and Maryland marks a significant expansion of its digital and power infrastructure. These sites collectively add approximately 1.5 gigawatts of capacity, more than doubling the company's total platform to 2.8 GW. This move is crucial for TeraWulf's long-term growth, providing substantial runway for high-performance computing (HPC) and AI data center development. The Hawesville site offers immediate access to robust power infrastructure, while the Morgantown acquisition establishes a presence in the PJM market with significant expansion potential, reinforcing the company's strategy of repurposing legacy energy assets for future demand.