Mentioned:
TeraWulf wants more power capacity for the boom in artificial intelligence and data centres. And they’re buying two new massive sites in America to do it.
What’s happening:
- TeraWulf (NASDAQ: WULF) has purchased two new infrastructure sites in Kentucky and Maryland with a combined power capacity of 1.5 gigawatts
By the numbers:
- TeraWulf’s new site in Kentucky spans more than 250 acres and has 480 megawatts of existing power available
- TeraWulf’s new site in Maryland has 210 megawatts of existing power and can be expanded to up to 1 gigawatt of power
Why it matters:
- The new acquisitions will provide TeraWulf with a meaningful amount of new power capacity to develop large scale data centres for artificial intelligence workloads and high performance computing
Going deeper:
- TeraWulf previously made waves on Wall Street when they cut a multi billion dollar deal with cloud computing company Fluidstack, which was partially backstopped by Google (NASDAQ: GOOG) in exchange for equity
