TeraWulf Acquires 1 GW Kentucky AI Data Center Site, Shares Jump 11%

TeraWulf Inc. acquired a 1 GW AI data center site in Kentucky, boosting shares 11% as the company shifts focus to AI and high-performance computing. The site, named Muskie Data Campus, is part of a $3 billion expansion strategy funded by Morgan Stanley with Google backing, marking TeraWulf's second major Kentucky campus.