TeraWulf Doubles Power Capacity to 2.8 GW, Secures $17 B Revenue Pipeline
TeraWulf has increased its future data center power capacity to 2.8 GW through recent acquisitions of high-power industrial sites, enabling 250–500 MW of annual expansion capacity for hyperscale clients. The company holds contracts supporting $17 billion in high-margin revenue, with potential to quadruple contracted revenue by 2030 as new capacity comes online.
1. Capacity Expansion and Site Acquisitions
TeraWulf recently acquired power-rich industrial sites in Kentucky and Maryland, raising its future data center power capacity from 1.4 GW to 2.8 GW. These acquisitions position the company to add 250–500 MW per year as demand from hyperscale computing and bitcoin mining customers grows.
2. Secured High-Margin Contracted Revenue
The company’s existing contracts underwrite $17 billion in high-margin revenue, reflecting multi-year commitments from enterprise and hyperscale clients. This backlog provides predictable cash flow and underpins TeraWulf’s capex plans.
3. Growth Outlook Through 2030
With 2.8 GW of capacity and targeted annual expansions, TeraWulf projects contracted revenue could quadruple by 2030 as new facilities come online. Management cites increasing demand for turnkey HPC and bitcoin mining infrastructure as the primary growth driver.