TeraWulf stock jumps on Kentucky, Maryland power-site deal: what WULF investors are watching next
TeraWulf shares rose 6.2% to $14.27 after announcing the acquisition of a Kentucky industrial site and a pending deal for a Maryland power plant, adding 1.5 GW to its capacity. The Kentucky deal closed Feb. 2; the Maryland transaction awaits regulatory approval. Century Aluminum sold the Hawesville, Kentucky plant but kept a minority stake. TeraWulf’s stock gained despite a 4% drop in bitcoin prices.