Technology Magazine August 2026 | Page 83

AI
“ We’ re doing around about US $ 290m of business with TeraWulf,” Marc says.“ They’ ve got four sites across the US that they’ re working on.” Lake Mariner’ s appeal, he explains, lies partly in its power source:“ They’ re using clean, green hydropower energy from Niagara Falls to power their facility in what is a unique location.“ They’ re able to pre-cool for a big portion of the year because of the temperatures.”
Sean Farrell, Chief Operations Officer at TeraWulf, says“ the biggest demand for a data centre is power,” adding that the company has used its“ expertise in the power space to work with grid operators to pull a large flow from the grid to power a data centre”.
Marc puts the broader neocloud trend at scale:“ We see in excess of 150 new neoclouds coming onto the market,” though he notes the category is not uniform.“ Not all of them are going to be deploying GPUs. Some of them will be building the infrastructure for others to deploy the GPU.”

Present Day Building the AI factory

TeraWulf compresses a traditional 36-month construction schedule into an aggressive 12-month timeline

The Future Replicating the 3GW blueprint

TeraWulf prepares to take the lessons learned to upcoming facility builds in Kentucky, western New York and Texas
technologymagazine. com 83