Welcome to our dedicated page for TeraWulf news (Ticker: WULF), a resource for investors and traders seeking the latest updates and insights on TeraWulf stock.
TeraWulf Inc. develops, owns, and operates industrial-scale digital infrastructure in the United States for high-performance computing hosting and bitcoin mining. Company news commonly covers HPC lease revenue, digital asset mining activity, power-backed data center construction, and the transition of capacity at WULF Compute and the Lake Mariner site toward contracted compute customers.
Recurring developments also include capital actions used to fund data center construction and site expansion, such as common stock offerings and credit facilities, along with updates on acquired infrastructure sites such as Hawesville, Kentucky. Financial releases address operating results, liquidity, construction progress, and the balance between HPC hosting and bitcoin mining within TeraWulf's business model.
TeraWulf (Nasdaq: WULF) announced that the Kentucky Public Service Commission approved a Retail Electric Service Agreement supporting up to 482 MW of electric service for its Justified Data Campus in Hancock County, Kentucky. The August 21, 2026 order authorizes Big Rivers Electric Corporation and Kenergy Corp. to implement the RESA.
Under the structure, TeraWulf is responsible for market, transmission, delivery and customer-specific infrastructure costs, as well as substantial credit-support obligations, while negotiated demand adders and customer charges provide incremental contributions to Big Rivers and Kenergy. The project repurposes the former Century Aluminum Hawesville site, with approximately 482 MW of existing transmission capability.
Based on expected development costs of $10–$12 million per MW of critical IT load, TeraWulf currently estimates $4.0–$4.5 billion of investment in site development and initial data halls, alongside anticipated employment and local tax base expansion.
TeraWulf (Nasdaq: WULF) reported second quarter 2026 revenue of $44.8 million, including $31.9 million of high‑performance computing (HPC) lease revenue, or about 71% of total revenue. The company ended the quarter with approximately $3.0 billion of cash and restricted cash to support contracted developments.
At Lake Mariner, TeraWulf had 81 MW of revenue-generating critical IT capacity at June 30 and completed CB‑3 in early July, lifting operating capacity to 102 MW and triggering effectiveness of $600 million of Google credit support for Fluidstack’s lease obligations. Construction continues on an additional 336 MW across CB‑4 and CB‑5.
Subsequent to quarter‑end, TeraWulf signed a 20‑year lease with Anthropic for approximately 401 MW at the Justified Data Campus, representing about $19 billion of contracted revenue over the initial term and up to roughly $33 billion with extensions. The company also agreed to sell its 50.1% interest in the Abernathy Joint Venture for approximately $530 million in cash and received FERC authorization for the proposed acquisition of the Morgantown generating station supporting the up to 1 GW Chesapeake Data Campus.
TeraWulf (Nasdaq: WULF) will host its second quarter 2026 earnings conference call and webcast on Wednesday, August 5, 2026 at 8:00 a.m. Eastern Time. A press release with financial results for the quarter ended June 30, 2026 will be issued earlier that day. The event offers live access by webcast or telephone with operator assistance, plus a replay available through August 19, 2026 at 11:59 p.m. ET.
TeraWulf (Nasdaq: WULF) announced a 20-year lease with Anthropic for its Justified Data AI campus in Kentucky, expected to generate about $19 billion of contracted revenue. The 401 MW site should phase in from 2H 2027 to early 2028.
TeraWulf will also sell its 50.1% stake in the 168 MW Abernathy Joint Venture to a Fluidstack-led group, monetizing roughly $450 million of invested capital at a premium and freeing funds to expand wholly owned AI infrastructure assets.
Corvex (Nasdaq:MOVE), an AI computing platform focused on GPU-accelerated infrastructure, plans to add Patrick A. Fleury to its Board of Directors, subject to election at the upcoming annual meeting.
Fleury, CFO of TeraWulf, brings over $8 billion in financing experience as Corvex scales its AI cloud infrastructure and prepares to launch its token factory.
TeraWulf (Nasdaq: WULF) acquired the 1+ GW “Muskie Data Campus,” a hyperscale AI and HPC development site in Eastern Kentucky. The campus is expected to support over 1 GW of data center capacity, with 500 MW targeted to begin ramping in 2H 2028 and another 500 MW in 2H 2030.
Located in EastPark Industrial Park with 285 acres under control, Muskie features a planned 345 kV substation tied to a 765 kV network and long-term energy agreements, aiming to accelerate time-to-power and expand TeraWulf’s Kentucky digital infrastructure footprint.
TeraWulf (NASDAQ: WULF) reported Q1 2026 results and operational updates on May 8, 2026. Q1 revenue was $34.0 million, including $21.0 million of HPC lease revenue. The company held approximately $3.1 billion of cash and restricted cash at quarter-end and energized 60 MW at Lake Mariner.
Development progressed on CB-3 (delivery May 2026) with CB-4/CB-5 on schedule; acquired a 480 MW Hawesville site; closed a $250 million revolving credit facility; Abernathy JV targets 168 MW under a 25-year lease for Q4 2026 delivery.
TeraWulf (Nasdaq: WULF) announced senior management will participate in multiple investor and industry conferences in May 2026. Key dates: May 12 (Needham Tech, Media, Consumer, New York), May 18-19 (AIM Summit, London), May 20-21 (B Riley Institutional Investor, Marina del Rey, CA), May 28 (TD Cowen TMT, New York).
The company provided event names, locations, and dates for investor engagement and outreach.
TeraWulf (Nasdaq: WULF) will host its Q1 2026 earnings conference call and webcast on Friday, May 8, 2026 at 8:00 a.m. ET. A press release with financial results will be issued before the call the same day. Replay will be available through May 22, 2026 with Access ID 13760477.
TeraWulf (NASDAQ: WULF) announced the closing of a public offering of 54,510,000 shares of common stock at $19.00 per share on April 16, 2026, which included the full exercise of a 7,110,000 share overallotment option.
Net proceeds will fund construction of a Hawesville, Kentucky data center campus, fully repay the bridge credit facility, support future site acquisitions, and for general corporate purposes. Morgan Stanley led the deal with multiple joint bookrunners; the offering was made under an effective Form S-3ASR shelf registration.