TeraWulf surges 13% on 1GW Kentucky AI data center plan!

TeraWulf (WULF) jumped 13% on Tuesday after unveiling the Muskie Data Campus — a hyperscale site in Kentucky capable of supporting more than 1 gigawatt of AI and high-performance computing infrastructure. The facility is expected to deliver an initial 500 megawatts in the second half of 2028, with a further 500 megawatts targeted by 2030.

CEO Paul Prager framed the project around a structural shift in the AI race: "The defining constraint in this market is no longer computing hardware. It is power, transmission infrastructure, and execution certainty." The pivot from bitcoin mining to HPC infrastructure is now a sector-wide trade — Hut 8 climbed 7%, Keel Infrastructure (formerly Bitfarms) rose 6.5%, IREN gained nearly 5%, and Cipher Mining advanced 5.5%.