TeraWulf, a company that has strategically transitioned from cryptocurrency mining to establish itself as a key AI infrastructure provider, has announced a significant financial projection. The firm anticipates generating $19 billion in revenue from a recently secured agreement, as disclosed in its statement on Monday. This substantial revenue stream is linked to its new data center in Hawesville, Kentucky, which is scheduled to activate with initial operational capacity in the latter half of 2027, before fully ramping up to deliver 401 megawatts of power by 2028.
This report draws information from The Wall Street Journal.
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