Overview
- The Hawesville, Kentucky property offers immediate access to 480 MW through an on-site substation and high-voltage transmission, with over 250 buildable acres for phased development.
- At Morgantown, Maryland, the generating station delivers about 210 MW today, carries expansion potential up to 1 GW, and could host roughly 500 MW in an initial compute buildout.
- The additions take TeraWulf’s infrastructure footprint to 2.8 GW across five sites as the company targets 250–500 MW of new contracted capacity each year.
- Shares of WULF rose about 10–11% in pre-market and early trading Tuesday, with reports citing an intraday high near $15.58 after the late-Monday announcement.
- Yahoo Finance reported that closing for at least one transaction remains subject to regulatory approval and third-party consent, reflecting staged development timelines.