TeraWulf Inc (NASDAQ: WULF) experienced a notable uplift in its stock price during Monday’s after-hours session, propelled by the company’s latest announcement of expanding its power and infrastructure assets. This development aligns with TeraWulf’s broader strategy to secure energy-advantaged locations capable of delivering scalable power solutions while supporting both immediate and long-term operational needs.
After the market’s close, TeraWulf disclosed the acquisition of two brownfield infrastructure sites strategically positioned in Hawesville, Kentucky, and Charles County, Maryland. Collectively, these properties are projected to contribute around 1.5 gigawatts of additional capacity to the company’s infrastructure portfolio, enhancing its footprint in the clean energy space.
Paul Prager, the chairman and CEO of TeraWulf, described the acquisitions as emblematic of the company’s approach to reinvesting in existing energy infrastructure. This investment aims to bolster grid reliability, support sustained economic growth, and enable responsible expansion. According to Prager, the Hawesville location offers immediate access to scalable power, whereas the Maryland site—referred to as Morgantown—provides opportunities to extend the generation capacity to accommodate increasing load demands in a manner that benefits the broader grid network.
The Kentucky site encompasses more than 250 buildable acres specifically designated for compute capacity expansion. It’s distinguished by its ready access to power infrastructure, with approximately 480 megawatts of existing capacity immediately available. In contrast, the Maryland facility is an operational, grid-connected power generation asset, currently offering about 210 megawatts of capacity.
With these two acquisitions, TeraWulf’s portfolio of energy infrastructure now totals approximately 2.8 gigawatts across five sites. This considerable capacity underscores the company’s commitment to scaling its energy resources to meet increasing demand while maintaining a focus on sustainability and grid support.
Following the announcement, TeraWulf’s shares surged in after-hours trading, recording a gain of 10.86% and trading at $14.90 as per Benzinga Pro data at the time of publication. The stock’s upward momentum is substantiated by its position well above key moving averages, including the 20-day simple moving average (SMA) of $13.67. Trading at 7.3% above this SMA indicates a positive trend in the short term.
The technical indicators present a mixed but cautiously optimistic outlook. The Relative Strength Index (RSI) stands at 48.94, remaining in neutral territory; this suggests the stock is neither presently overbought nor oversold, leaving room for price movement in either direction. The Moving Average Convergence Divergence (MACD) indicator remains above the signal line, reinforcing the signal of bullish momentum.
Investors should monitor the resistance level at $16.50, which could act as a critical threshold that determines whether the stock will break out to new highs or encounter a reversal. On the downside, the absence of a clearly defined support level raises the possibility of increased volatility if the stock price experiences significant pullbacks.
Over the past twelve months, TeraWulf’s stock has delivered a remarkable performance with a 168.26% increase. This robust growth reflects sustained positive investor sentiment and the market’s recognition of the company’s strategic initiatives and growth prospects.
In summary, TeraWulf’s recent acquisitions demonstrate a deliberate effort to expand and enhance its energy infrastructure in ways that emphasize scalability, grid stability, and sustainable growth. These moves, coupled with strong market performance, position the company as a noteworthy entity in the power infrastructure sector.