#BtcNewHolder TeraWulf Leases 70MW to Host AI as Bitcoin Mining Costs Rise

TeraWulf is looking to expand into the hot AI space as Bitcoin mining difficulty increases and profitability shrinks. Bitcoin mining company TeraWulf will lease more than 70MW of data center infrastructure to expand its AI revenue as it grapples with rising Bitcoin mining costs.

TeraWulf said on Dec. 23 that AI and cloud services company Core42 will lease 70MW of infrastructure at the cryptocurrency mining company’s Lake Mariner facility in upstate New York as its stock price closed down 12% amid a broader market decline.

“The data center leases reflect TeraWulf’s strategic expansion into AI-powered computing, complementing its profitable Bitcoin mining operations,” TeraWulf said.

The infrastructure will be operational in phases between the first and third quarters of 2025❤️‍🔥