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TeraWulf surges 10% after 1.5 GW Hawesville, Morgantown acquisitions
Yahoo Finance· 2026-02-03 15:49
Bitcoin miner-turned-AI factory TeraWulf (NASDAQ: WULF) is acquiring two brownfield industrial sites in Hawesville, Kentucky, and Charles County, Maryland, which could expand its gross load capacity by approximately 1.5 GW. TeraWulf announced the deal after market close on Monday. TeraWulf’s stock price surged in the morning following the announcement, rising 10% in Tuesday morning trading hours. The transaction doubles the firm’s total power portfolio to 2.8 GW across five locations, of which 642.5 MW ...