TeraWulf’s shares rallied 12.8% after it outlined plans to deploy excess power capacity at its mining facilities for GPU-based AI model training. Peers Innergex and Hut 8 saw stock gains of 8.0% and 9.7% as investors revalued bitcoin miners on potential AI computing revenue streams.
TeraWulf said it will allocate excess power capacity at its mining facilities to host GPU clusters for AI model training, marking a strategic extension beyond bitcoin mining operations. The company aims to monetize idle energy assets by offering AI compute services to enterprise customers.
Following the announcement, TeraWulf shares surged 12.8%, while Innergex and Hut 8 stocks climbed 8.0% and 9.7%, respectively, as investors repriced bitcoin miners on their AI infrastructure potential. Trading volume spiked as market participants assessed the outlook for diversified revenue sources.
The pivot into AI computing could enhance asset utilization and boost profit margins compared with traditional crypto mining fees but introduces new competition with established data center operators. Future performance will hinge on GPU supply, utilization rates and the pricing environment for AI workloads.
