Schneider Electric SE and its liquid cooling unit Motivair are delivering more than $290 million worth of data center infrastructure to TeraWulf Inc.’s Lake Mariner campus in Barker, New York, the companies said Tuesday, in one of the more concrete illustrations yet of how industrial America is being reborn around artificial intelligence.
The phased buildout, when complete, will bring the former industrial site outside Buffalo to 750 megawatts of power capacity, enough to run a small city, and will serve anchor tenants Core42 and Fluidstack, the latter backed by Google. The deal underscores the lengths to which technology companies are going to secure reliable, affordable computing power as demand for AI workloads strains grids and supply chains across the country.
For TeraWulf, a company that started life mining Bitcoin before pivoting toward high-performance computing, Lake Mariner represents a calculated bet that real estate adjacent to cheap, clean power is among the scarcest commodities of the AI era. The New York regional grid supplying the campus draws roughly 89 percent of its electricity from zero-carbon sources, a selling point that resonates with hyperscalers under mounting pressure to decarbonize their operations.
