TeraWulf jumps 13% on AI data center expansion in Kentucky

60-second summary

TeraWulf is currently jumping 13% as it announces a 1-gigawatt facility in Kentucky, dedicated to servicing AI workloads. This expansion marks a significant shift in the company's focus from bitcoin mining to high-performance computing infrastructure development. The move is expected to capitalize on the growing demand for AI computing power, potentially driving growth in the emerging market for AI infrastructure.