Data Center · AMD · CoinDesk
TeraWulf climbs 13% on AI data center expansion in Kentucky
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TeraWulf (WULF) surged 13% early Tuesday as the company unveiled plans for a new large-scale AI and high-performance computing (HPC) campus in Kentucky.
Key facts
- Memory chipmaker Micron (MU) jumped 15% to fresh record highs above $870, as global investment bank UBS lifted its target to $1,625 citing strong AI demand for memory, while Advanced Micro Devices
- Hut 8 (HUT) climbed 7%, while Keel Infrastructure (KEEL), formerly known as Bitfarms, rose 6.5%
- TeraWulf (WULF) surged 13% early Tuesday as the company unveiled plans for a new large-scale AI and high-performance computing (HPC) campus in Kentucky
- The company said it acquired a hyperscale development site capable of supporting more than 1 gigawatt of AI and HPC infrastructure over time
Summary
TeraWulf surged 13% on Tuesday after announcing a new facility in Kentucky to serve to serve AI and high-performance compute demand. Former bitcoin miners tied to the AI infrastructure boom broadly moved higher as the AI spending momentum continues. The company said it acquired a hyperscale development site capable of supporting more than 1 gigawatt of AI and HPC infrastructure over time. The firm said the Kentucky project underscores how access to electricity and transmission infrastructure has become one of the key battlegrounds in the AI boom.