TeraWulf jumps 11% after buying power-rich Kentucky and Maryland sites
Analysis
Price Impact
MedTerawulf, a significant bitcoin miner, has more than doubled its energy and computing footprint. this expansion strengthens the overall bitcoin mining network by increasing capacity and potentially future hash rate, signaling long-term commitment from a major player. while the direct price impact on btc is not immediate, it contributes to the network's robustness and investor confidence in the mining sector.
Trustworthiness
HighThe news comes from coindesk, a reputable crypto news source, and reports on a factual acquisition by a publicly traded company (terawulf), including specific site details and capacity figures.
Price Direction
BullishIncreased mining capacity from a major player like terawulf indicates growing institutional investment and belief in the long-term value of bitcoin. it strengthens the network's security and hash rate, which is fundamentally bullish for btc. furthermore, the strategic move to cater to ai computing demand could diversify revenue streams for miners, reducing direct dependency on btc price and improving their financial stability, indirectly supporting the ecosystem.
Time Effect
LongLarge-scale infrastructure acquisitions and development projects have a long-term impact on a company's operations and the broader industry. the full benefits of this expanded capacity, both for crypto mining and potential ai compute services, will unfold over an extended period as sites are developed and brought online.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email TeraWulf jumps 11% after buying power-rich Kentucky and Maryland sites The acquisitions bring TeraWulf’s capacity to 2.8 gigawatts as it targets major infrastructure expansion to supply power-hungry computing demand. By Krisztian Sandor , AI Boost | Edited by Stephen Alpher Feb 3, 2026, 2:03 p.m. Make us preferred on Google An engineer sits at a bank of crypto mining rigs (Mark Agnor/Shutterstock, modified by CoinDesk) What to know : TeraWulf acquired two power-rich industrial sites in Kentucky and Maryland. The deals more than double the company’s infrastructure portfolio to 2.8 gigawatts. Shares of TeraWulf (WULF) rose 11% in pre-market trading following the announcement. TeraWulf (WULF) rose 11% on Tuesday pre-market after news that the firm acquired two power-heavy industrial sites, more than doubling its energy and computing footprint to 2.8 gigawatts (GW). The sites — one in Hawesville, Kentucky, and the other in Morgantown, Maryland —add 1.5 gigawatts of capacity, the firm said in a late Monday press release . The company said this will help it meet demand for new large-scale computing and data workloads, as well as support grid reliability in those regions. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . The move comes as a growing number of crypto miners position themselves as key players in the artificial intelligence (AI) infrastructure boom. With AI companies in need of data center space, high-powered chips, and vast amounts of electricity, miners have become crucial partners to handle compute needs. TeraWulf's Hawesville property, a former industrial site with over 250 buildable acres, includes immediate access to 480 megawatts (MW) of power, including an on-site substation and high-voltage transmission lines. The firm said the location puts it within reach of major Midwest markets and offers a relatively fast path to deploying new compute capacity. The company expects to develop the site in phases. In Maryland, TeraWulf picked up the Morgantown Generating Station, a 210 MW power facility with expansion potential to 1 GW. The site is already delivering electricity to the grid and could eventually host 500 MW of compute infrastructure in the first buildout phase, the firm said. The company said it aims to pair any future computing activity with added power generation to keep the site net-positive for the grid. TeraWulf now operates across five sites and is targeting 250 to 500 MW of new contracted capacity each year. TeraWulf Bitcoin Mining AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards . For more information, see CoinDesk's full AI Policy .