TeraWulf shares surge 13.13% intraday as Bitcoin rebounds 7.86% and company acquires two strategic sites for 500MW data center expansion.

TeraWulf surged 13.13% in intraday trading, driven by a 7.86% Bitcoin price rebound to $65,760.87 and the company’s announcement of acquiring two strategic sites and planning a 500MW data center to expand its Bitcoin mining infrastructure. The acquisition and expansion aim to enhance business scalability and infrastructure for the Bitcoin mining firm.