TeraWulf acquired two power-heavy industrial sites — Hawesville, Kentucky and the Morgantown Generating Station in Maryland — adding 1.5 GW and bringing total capacity to 2.8 GW. Hawesville includes 250+ buildable acres and 480 MW of immediate power access; Morgantown is a 210 MW facility with expansion potential to 1 GW and could host 500 MW in the first buildout. Company says the sites will support large-scale compute/data workloads, grid reliability and AI infrastructure; it plans to pair compute with added generation and targets 250–500 MW of new contracted capacity per year. TeraWulf’s stock rose about 11% pre-market on the news.

The story is positive because the company acquired two power-heavy sites adding 1.5 GW (raising capacity to 2.8 GW), with concrete on-site capacity (Hawesville 480 MW immediate, Morgantown 210 MW expandable) and a stated target of 250–500 MW contracted per year; the market reacted with an ~11% pre-market stock rise. All points are drawn from the summary.