Maryland-based data center infrastructure company TeraWulf is expanding its presence at home.
The Easton company announced Monday its acquisition of the Morgantown Generating Station in Charles County, a former coal-fired power plant that shut down in 2022. The deal marks TeraWulf’s first purchase in Maryland, adding to data center campuses it already owns in New York and Texas.
The deal marks TeraWulf’s first purchase in Maryland, adding to data center campuses it already owns in New York and Texas.
The move reflects TeraWulf’s shift away from its roots in bitcoin mining. Once focused on hosting data centers that power cryptocurrency validation, the company is now repurposing parts of its infrastructure to meet growing demand for AI data centers — a trend across the industry as mining revenue becomes more volatile.
“In addition to its energy attributes, Morgantown’s proximity to the Washington, DC metropolitan area and other Mid-Atlantic markets enhances its attractiveness for compute-intensive uses that value scale, reliability, and access to major population and enterprise centers,” the press release said.
The company plans to keep the site as an energy supplier while expanding its power capacity to support one GW of load, or roughly enough electricity to power a million households.
The facility gives TeraWulf its first foothold on the mid-Atlantic power grid operated by PJM Interconnection. PJM has struggled to keep up with rising data center electricity demand; last year marked the first time the grid operator failed to secure enough power in its annual capacity auction.
TeraWulf also announced the purchase of a former industrial site in Kentucky to expand its power generation capacity. The company did not immediately respond to Technical.ly’s request for comment.
