TeraWulf’s Stock Rises on New AI Data Center Plans
- TeraWulf (WULF) shares surged by 13% following the announcement of a new AI and high-performance computing (HPC) campus in Kentucky.
- The company acquired a site capable of supporting over 1 gigawatt of infrastructure, with an initial capacity of 500 megawatts expected by late 2028.
- Other companies in the sector also saw gains, including Hut 8 (HUT) up by 7% and Keel Infrastructure (KEEL) rising by 6.5%.
- Memory chipmaker Micron (MU) reached record highs, climbing by 15%, driven by strong demand for AI-related memory products.
- The growth reflects a broader trend where power and transmission infrastructure are becoming critical for AI development.
TeraWulf’s expansion into AI infrastructure highlights the increasing importance of electricity access in the tech landscape, particularly as companies aim to meet rising power demands from AI applications.
The recent stock performance underscores how TeraWulf’s plans for a significant data center could impact its future growth, with an expected initial capacity of 500 megawatts set to launch in late 2028. Source
