TeraWulf

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TeraWulf Inc. is an American bitcoin mining company. Founded in 2021 and publicly listed on Nasdaq under the ticker WULF, it operates mining facilities in New York and Pennsylvania. TeraWulf Inc. was incorporated in January 2021 by Paul Prager and Nazar Khan, both of whom have backgrounds in the energy sector through Prager's private firm, Beowulf Energy LLC. Paul Prager serves as chairman and CEO, and Nazar Khan as COO. The company was established to develop and operate data center infrastructure for Bitcoin mining. TeraWulf is involved in constructing and operating large-scale data centers equipped with computers (miners) that solve complex mathematical problems to validate transactions on the Bitcoin network and earn new Bitcoin as a reward. These mining facilities are in New York and Pennsylvania, including the Lake Mariner site, with a focus on scaling its computational capacity and energy infrastructure. In February 2026, TeraWulf Inc., announced it will purchase and redevelop the former Century Aluminum Company's smelter site, in Hawesville, Kentucky, with more than 250 buildable acres, into a digital infrastructure campus supporting high-performance computing and artificial intelligence workloads. Century Aluminum will retain a non-controlling minority equity stake in the development. A second site was purchased in Morgantown, Maryland.