Shipping, geopolitics, and procurement risks

TeraWulf is now building 5 sites for AI workloads after recent acquisitions in Kentucky and Maryland.

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Welcome back to The Blockspace Podcast! Today, Nazar Khan, CTO of TeraWulf, joins us to talk about the company's expansion into AI and HPC. We dive deep into their new sites in Kentucky and Maryland, the strategy behind repurposing brownfield industrial infrastructure, and why battery storage is the key to grid reliability. Nazar explains the transition from bitcoin mining to AI loads and how TeraWulf plans for its bitcoin mining fleet amid the AI expansion.

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Notes:

* Targeting 480MW capacity in Kentucky by H2 2027.

* Maryland site to feature 1GW load and generation.

* 500MW battery storage planned for Maryland campus.

* Targeting energy availability in MD by 2028-2029.

Timestamps:

00:00 Start

04:07 Kentucky site

06:33 Maryland site

08:25 Redundant power

10:13 Battery storage

13:40 New generation

14:49 Tenants for sites

17:08 Brownfield sites

19:28 Lake Mariner & Abernathy sites

24:28 Geopolitical concerns

27:49 Managing a power plant

33:55 168 megawatts

40:55 Local pushback on new data centers

48:21 Bitcoin mining future

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