Terawulf CEO on recent deals: Represents chance to meet energy demand needs from hyperscalers

Core Insights - The company is expanding its power generation capacity by adding nearly 2 gigawatts from two facilities to meet the urgent demand from data centers [1][4][6] - The Hawville site will provide immediate access to 480 megawatts, while the Morgantown facility will be repowered to generate an additional 1 gigawatt of power along with battery storage [2][6] Facility Details - Hawville is an industrial site with dedicated power access, positioned strategically in the middle of the country to support data centers [3][4] - Morgantown is an existing power plant that will be repowered, with plans to bring 500 megawatts online in the first phase and another 500 megawatts in the second phase, along with battery storage [5][6] Market Demand - There is a significant and urgent demand for power from hyperscale data center operators, indicating a strong market opportunity for the company [4][7] - The company is in discussions with several potential customers, particularly hyperscalers, to finance the facility based on their credit [8] Financial Projections - The company anticipates generating approximately $1.5 million in revenue per megawatt, highlighting the economic potential of the new facilities [7] - The partnership with hyperscalers is expected to enhance financial stability and growth prospects for the company [8]