TeraWulf shares surge after announcing acquisition of two mining sites

Shares of Bitcoin mining company TeraWulf surged after it announced the acquisition of two new facility sites. According to The Block, TeraWulf has acquired sites in Kentucky and Maryland, securing approximately 1.5 gigawatts (GW) of power capacity. Following the announcement, WULF shares rose by around 12% and are currently trading at $14.74, up 9%.