Bitcoin mining stocks, including TeraWulf, Hut 8, and MARA, rallied as investors bet miners’ power infrastructure could benefit from the AI data center boom.

The bitcoin miner turned HPC infrastructure developer unveiled plans for a new 1 gigawatt facility in Kentucky aimed at servicing AI workloads.

Bitcoin miner TeraWulf’s latest deal adds more than a gigawatt of potential data center capacity in a region eager for economic investment.