TeraWulf Inc. (NASDAQ:WULF) saw a 10.14% increase in share prices to $14.80 on Tuesday due to ongoing expansion plans potentially developing 1,480 MW of new capacity.

TeraWulf (WULF) acquired a former industrial site in Hawesville, Kentucky with 250 buildable acres for compute capacity, high-voltage lines, and an energized substation.

The Hawesville site currently operates 480 MW of power with potential for expansion, while Maryland’s Morgantown Generating Station has 210 MW capacity.

TeraWulf Inc. (NASDAQ:WULF) plans to develop a 500MW capacity initially, aiming to support grid reliability and long-term growth.

CEO Paul Prager stated acquisitions allow for scalable power access and growth in existing generation, delivering surplus electricity to end users.

For potential higher returns, consider AI stocks over TeraWulf (WULF) investment, with focus on AI stock benefits from tariffs and onshoring.

Read more at Yahoo Finance: TeraWulf (WULF) Jumps 10.14% as Firm Hints Expansion