| Mobile Web

Search results for TeraWulf

Industry

Mara bitcoin miner pursues purchase of Texas power site to accelerate AI expansion

Mara Holdings shares rose about 15 percent early after it announced plans to buy a Texas power site to expand digital infrastructure for AI computing and bitcoin mining. The site is a 1,200-acre tract in Matagorda County with access rights of up to 2 gigawatts, with an initial 1 gigawatt expected by October 2027. Mara said the project is early-stage and subject to regulatory approvals, with phased construction over several years.

Crypto

TeraWulf signs 20-year deal with Anthropic in bet on AI data centre

Bitcoin mining company TeraWulf signed a 20-year lease with Anthropic to rent an AI data centre campus in Hodgenville, Kentucky, and expects about $19 billion in revenue from the deal. The facility at TeraWulf’s Justified Data site is expected to support about 401 megawatts of computing capacity, with phase one set for the second half of 2027 and full capacity planned by early 2028. Mining stocks rose after the announcement.

Crypto

BoA report says shift from bitcoin mining to data centres proves effective

A Bank of America (BoA) analyst gave a positive assessment of bitcoin miner TeraWulf\'s strategy to shift into artificial intelligence data centres. Blockchain outlet U.Today reported that analyst Michael Funk initiated coverage with a buy rating and a $34 price target. The report said the key is repurposing mining facilities and power infrastructure for high-performance computing AI workloads, amid rising demand for AI data centres and expansion plans through 2030.