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TeraWulf Expands Data Center Capacity with New Site Acquisitions

Story Highlights
  • TeraWulf bought Kentucky and Maryland brownfield sites, adding 1.5 GW and doubling its infrastructure platform.
  • The Hawesville and Morgantown assets expand scalable, energy-advantaged capacity, reinforcing TeraWulf’s grid-linked, HPC-focused growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
TeraWulf Expands Data Center Capacity with New Site Acquisitions

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TeraWulf Inc ( (WULF) ) has shared an update.

On February 2, 2026, TeraWulf announced the acquisition of two strategically located brownfield infrastructure sites in Hawesville, Kentucky, and Charles County, Maryland, adding about 1.5 GW of capacity and more than doubling its infrastructure platform to roughly 2.8 GW across five sites. The Hawesville transaction, which closed on February 2, 2026, provides over 250 buildable acres, immediate access to power infrastructure, and roughly 480 MW of existing power availability for phased development of a high-performance computing and AI-focused data center, while granting the seller a minority stake in the development vehicle. In Maryland, the company agreed to acquire the Morgantown Generating Station, a 210 MW grid-connected power plant with expansion potential up to 1 GW, pending regulatory approvals, enhancing TeraWulf’s presence in the PJM market and supporting plans to pair future onsite load with incremental generation and storage. Collectively, these moves deepen TeraWulf’s regional diversification, expand its pipeline of energy-advantaged sites to support 250–500 MW of new contracted capacity per year, and are positioned to bolster grid reliability, local economic development, and the company’s role in repurposing legacy industrial and energy assets for modern compute-intensive demand.

The most recent analyst rating on (WULF) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on TeraWulf Inc stock, see the WULF Stock Forecast page.

Spark’s Take on WULF Stock

According to Spark, TipRanks’ AI Analyst, WULF is a Neutral.

The score is held back mainly by weak financial performance (large losses, pressured margins, high leverage, and negative operating cash flow). This is partly offset by strong technical momentum (price above key moving averages with positive MACD) and a generally positive earnings-call outlook driven by major HPC contract wins and fully funded expansion plans, though profitability and execution risk remain high.

To see Spark’s full report on WULF stock, click here.

More about TeraWulf Inc

TeraWulf Inc., listed on Nasdaq under the ticker WULF, develops, owns and operates sustainable, industrial-scale data center infrastructure in the United States, purpose-built for high-performance computing hosting and bitcoin mining, with a growing focus on delivering scalable compute capacity for next-generation AI and HPC customers.

Average Trading Volume: 32,596,651

Technical Sentiment Signal: Buy

Current Market Cap: $5.6B

For a thorough assessment of WULF stock, go to TipRanks’ Stock Analysis page.

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