Terawulf aims to bring 480 MW online in H2 2027, prioritizing long-term high-performance computing contracts over spot market exposure.
Terawulf announced plans to expand its operational capacity to 480 MW by the second half of 2027, focusing on securing long-term, credit-backed contracts for high-performance computing (HPC) and AI workloads. The shift aims to reduce reliance on volatile spot market revenue and stabilize cash flows.
Management highlighted Q1 2026 as a transition period, emphasizing execution on energy-efficient sites and strategic contracting. The company previously operated with a smaller footprint, targeting growth through infrastructure build-outs and partnerships in the AI sector.
No immediate market reaction was disclosed, but the strategy aligns with broader industry trends favoring contracted demand over speculative mining revenue.