TeraWulf Signs Long-Term 35-Year Ground Lease At Lake Mariner Facility, Expanding Land Area By 50% And Securing Up To 750 MW Infrastructure Capacity To Support Growth In HPC And AI Data Centers
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TeraWulf has signed a 35-year ground lease at its Lake Mariner facility, expanding its land area by 50% and securing up to 750 MW infrastructure capacity. This move supports growth in high-performance computing (HPC) and AI data centers.
October 10, 2024 | 12:22 pm
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TeraWulf's new 35-year lease at Lake Mariner expands its land area by 50% and secures 750 MW capacity, supporting growth in HPC and AI data centers.
The long-term lease and expansion of infrastructure capacity are significant for TeraWulf's growth strategy in high-performance computing and AI. This positions the company to capitalize on increasing demand in these sectors, likely boosting investor confidence and positively impacting the stock price.
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