Operates zero-carbon-anchored data center campuses for AI and HPC, describing itself as an energy operator first and a data center operator second.
TeraWulf's core asset is controlled power: roughly 2.3 GW under control across five named campuses — Lake Mariner in western New York, plus Justified, Muskie, Lake Hawkeye and Chesapeake. Lake Mariner sits on a retired coal plant site, which is the whole strategy in miniature: the retired plant's energized interconnection is the scarce asset, not the shell or the GPUs. The company converted from bitcoin mining into long-term AI/HPC hosting leases and now describes itself as an energy infrastructure company first. Its own framing — "architected for a power-constrained future" — is the clearest statement of why this category belongs in an energy directory at all.
- Headquarters
- Easton, MD
- Employees
- 51–200
- Business model
- Asset owner
- Ownership
- Public
- Founded
- 2021
- Listing / owner
- Nasdaq: WULF
Interconnection queue footprint
as of 2026-03-20- · Curated research
Written profiles are hand-entered and not independently verified. Queue figures are computed from ISO interconnection data and reflect requested capacity, not built capacity.