Mon, Feb 2, 2026
TeraWulf acquires Hawesville and Morgantown infrastructure sites
Key points
- Acquired two brownfield infrastructure sites in Hawesville, Kentucky and Charles County, Maryland, adding approximately 1.5 GW of load capacity
- Hawesville site offers approximately 480 MW of existing power availability, more than 250 buildable acres, and an on-site energized substation
- Morgantown Generating Station has approximately 210 MW of operational generation capacity, expandable to up to 1 GW of load; initial phase of approximately 500 MW contemplated
- Morgantown closing is subject to third-party consents and regulatory approvals, including FERC
- Portfolio now totals approximately 2.8 GW across five sites, including 642.5 MW of contracted capacity and 2.2 GW of owned pipeline capacity, supporting 250-500 MW of targeted new contracted capacity annually
Site updates (2)
| Site | Status | Active | In build | Theoretical |
|---|---|---|---|---|
JustifiedHawesville, KY Acquisition of former industrial site in Hawesville, KY announced Feb 2, 2026; ~480 MW of existing power availability with potential to expand; 250+ buildable acres; on-site energized substation, multiple high-voltage transmission lines, direct connection to regional transmission network; phased development planned | Disclosed | — | — | 480 MWgross |
ChesapeakeCharles County, MD Acquisition of Morgantown Generating Station (Charles County, MD) announced Feb 2, 2026; ~210 MW operational generation capacity today; ~250 buildable acres; expandable to support up to 1 GW of load; initial phase of ~500 MW contemplated; closing subject to third-party consents and regulatory approvals including FERC | Disclosed | — | — | 1,000 MWgross |