TeraWulf Inc. (Nasdaq: WULF) announced Tuesday the acquisition of a hyperscale data center development site in eastern Kentucky, a move that sent shares climbing 14% at times today as investors responded to the company’s deepening push into artificial intelligence and high-performance computing infrastructure.

The new “Muskie Data Campus,” purchased from Industrial Equity Partners, sits within the 1,000-acre EastPark Industrial Park in northeastern Kentucky and encompasses roughly 285 acres of owned and controlled land. 

The site is expected to support more than 1 gigawatt of AI and HPC capacity — enough to power approximately 750,000 homes. The first 500 megawatts is…

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