Bitcoin Miner TeraWulf to Expand Energy Infrastructure Used for AI Hosting

Bitcoin miner TeraWulf Inc. paid down its remaining debt early, saying it will provide the company greater flexibility to capitalize on escalating demand for energy infrastructure that can be deployed for uses such as powering generative AI technology.

TeraWulf is among a number of Bitcoin miners that are converting part of their infrastructure to high-performance computing data centers, which can power artificial intelligence applications. The Easton, Maryland-based firm, which touted the backing of celebrity investors including Gwyneth Paltrow when it went public in 2021, repaid a $77.5 million term loan, according to a statement Tuesday.