Bitcoin (CRYPTO:BTC) miner TeraWulf Inc. is ramping up its energy infrastructure to cater to the growing needs of artificial intelligence (AI) and high-performance computing (HPC) applications.

The company, having recently paid off a $77.5 million loan, plans to increase its operational capacity from 210 MW to 295 MW this year, with potential for further expansion by another 300 MW.

This strategic move positions TeraWulf to play a significant role in the AI industry, leveraging its substantial energy resources effectively.

The expansion efforts, centered around its Lake Mariner facility in New York, aim to surpass a hash rate of 10 EH/s by July, reflecting a broader trend among Bitcoin miners diversifying into data center roles to capitalise on the AI boom.