Bitcoin mining company TeraWulf Inc. is set to grow its energy infrastructure to support high-performance computing (HPC) and artificial intelligence (AI) applications. By repaying a $77.5 million term loan, TeraWulf can invest in expanding its operational infrastructure capacity, positioning itself as a key player in the AI industry. The company plans to increase its capacity from 210 MW to 295 MW this year, with potential for further expansion by another 300 MW. CEO Paul Prager emphasized the importance of this expansion, highlighting the company's dedication to developing optimal applications for its energy capacity. TeraWulf's shift towards AI hosting aligns with industry trends, as Bitcoin mining companies like Core Scientific and Hut 8 also diversify into AI. With advanced hardware and cooling systems, Bitcoin miners are well-suited to support the growing demand for data centers and powerful chips in the AI sector. Read more AI-generated news on: https://app.chaingpt.org/news
