TeraWulf Inc (NASDAQ:WULF) shares are rising in extended trading Monday after the company announced a further expansion of its power and infrastructure portfolio.
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TeraWulf Buys A Pair Of Infrastructure Sites
After the market close on Monday, TeraWulf announced the acquisition of two strategically located brownfield infrastructure sites in Hawesville, Kentucky and Charles County, Maryland. The sites are expected to add approximately 1.5 gigawatts (GW) of capacity to the company’s infrastructure portfolio.
TeraWulf said the acquisitions align with its strategy to develop energy-advantaged locations with near-term power availability, long-term scalability and the ability to support customer demand and broader grid needs.
“These acquisitions reflect our strategy of reinvesting in existing energy infrastructure to support grid reliability, long-term economic activity and responsible growth,” said Paul Prager, chairman and CEO of …