The bitcoin miner turned HPC infrastructure developer has revealed plans for a new 1 gigawatt facility in Kentucky designed to cater to AI workloads.
By Krisztian Sandor|Edited by Stephen Alpher May 26, 2026, 2:48 p.m. 1 min readMake preferred on Bitcoin miners (Shutterstock)Key Highlights:
- TeraWulf's stock jumped 13% on Tuesday following the announcement of a new facility in Kentucky that will address AI and high-performance computing needs.
- Other former bitcoin miners involved in AI infrastructure also experienced gains as the trend of increased AI spending persists.
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USDTUSDT$0.9992◢0.03%TeraWulf (WULF) experienced a 13% increase on Tuesday morning after the firm disclosed plans for a new large-scale AI and high-performance computing (HPC) campus in Kentucky.
The company has acquired a site capable of supporting over 1 gigawatt of AI and HPC infrastructure in the future. The Muskie Data Campus is anticipated to provide an initial 500 megawatts beginning in the latter half of 2028, with an additional 500 megawatts expected by 2030.
According to the company, this Kentucky initiative highlights the critical importance of access to power and transmission networks in the ongoing AI boom.
"The defining constraint in this market is no longer computing hardware," stated Prager. "It is power, transmission infrastructure, and execution certainty."
The surge in TeraWulf's stock mirrored the overall positive movement in AI-related stocks, including bitcoin miners that have increasingly transitioned into data center and AI infrastructure roles. This sector has emerged as a significant area of interest for investors over the past year, as the substantial energy requirements of AI models suggest a more profitable long-term business than traditional token mining.
Hut 8 (HUT) saw a 7% increase, while Keel Infrastructure (KEEL), previously known as Bitfarms, rose by 6.5%. IREN (IREN) gained nearly 5%, and Cipher Mining (CIFR) advanced by 5.5%.
In the semiconductor space, Micron (MU) surged 15% to set new records above $870, following a target increase to $1,625 from UBS due to strong AI demand for memory. Advanced Micro Devices (AMD) also rose 5%, reaching new highs.
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