TeraWulf Expands Its Power Pipeline

TeraWulf Inc. said late Monday, February 2, that it’s expanding its “power-forward” digital infrastructure footprint by buying two brownfield sites. One site is in Hawesville, KY and the other is in Charles County, MD — adding about 1.5 GW of capacity and taking its overall portfolio to ~2.8 GW across five sites. The sites are intended to be a sustainable energy solution for powering TeraWulf's data centers while also contributing excess power back into the local grids.

On the Kentucky side is the Hawesville property - a former industrial site with more than 250 buildable acres, immediate access to high-voltage transmission, and an energized on-site substation. Additionally, it provides about 480 MW of existing power availability with expansion potential over time. The company also pitched the location as within 300 miles of major Midwest metros for low-latency connectivity and cost-competitive wholesale power.

In Maryland, TeraWulf said it acquired the Morgantown Generating Station, describing it as a grid-connected facility with 210 MW of operational generation today and the ability to expand by up to 1 GW. Terawulf said the deal establishes a presence in the PJM Interconnection and that they're aiming for 500 MW in the initial development phase. Management framed the plan as pairing future on-site load with incremental generation and battery storage. The closing is subject to third-party consents and customary approvals, including from the Federal Energy Regulatory Commission.

The scoreboard items TeraWulf put in writing include 642.5 MW of contracted capacity, 2.2 GW of owned pipeline capacity, and a growth target of 250–500 MW of new contracted capacity annually. The new sites are primarily meant to supply energy for TeraWulf's operations, but it's a win for the local communities too since excess power will be fed back into local grids. Paul Prager positioned the move as reinvesting in existing energy infrastructure to support grid reliability and “responsible growth”. By doing so, Terawulf is investing in near-term power availability for it's data centers while leaving room to scale - which in the “build compute fast” economy are the two rarest minerals around.

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