The Blockspace Pod: An Update on TeraWulf’s AI Expansion w/ Nazar Khan

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4.7 • 698 Ratings

🗓️ 12 March 2026

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

TeraWulf is now building 5 sites for AI workloads after recent acquisitions in Kentucky and Maryland. Get your tickets to OPNEXT 2026 before prices increase! Join us on April 16 in NYC for technical discussions, investor talks, and intimate conversation with the brightest minds in Bitcoin. Welcome back to The Blockspace Podcast! Today, Nazar Khan, CTO of TeraWulf, joins us to talk about the company's expansion into AI and HPC. We dive deep into their new sites in Kentucky and Maryland, the strategy behind repurposing brownfield industrial infrastructure, and why battery storage is the key to grid reliability. Nazar explains the transition from bitcoin mining to AI loads and how TeraWulf plans for its bitcoin mining fleet amid the AI expansion. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: * Targeting 480MW capacity in Kentucky by H2 2027. * Maryland site to feature 1GW load and generation. * 500MW battery storage planned for Maryland campus. * Targeting energy availability in MD by 2028-2029. Timestamps: 00:00 Start 04:07 Kentucky site 06:33 Maryland site 08:25 Redundant power 10:13 Battery storage 13:40 New generation 14:49 Tenants for sites 17:08 Brownfield sites 19:28 Lake Mariner & Abernathy sites 24:28 Geopolitical concerns 27:49 Managing a power plant 33:55 168 megawatts 40:55 Local pushback on new data centers 48:21 Bitcoin mining future 👉CleanSpark CleanSpark (Nasdaq: CLSK) is a market-leading data center developer with a proven track record of success. We own a portfolio of power, land, and data centers across the United States powered by globally competitive energy prices. Sitting at the intersection of Bitcoin, energy, operational excellence and capital stewardship, we optimize our infrastructure to deliver superior returns to our shareholders. Monetizing low-cost, high reliability energy by producing a global emerging critical resource – compute – positions us to prosper in an ever-changing world. 👉Luxor, Blockspace's preferred mining pool Bitcoin mining revenue changes every day. Difficulty adjusts. Fees move. Prices shift. And that makes it hard to plan. Luxor Pool’s Fixed Payouts let miners lock in revenue at a guaranteed daily rate for up to 18 months. According to Hashrate Index, miners who used rolling fixed payout strategies since the last halving have outperformed FPPS mining by up to 15 percent. Fixed Payouts give you predictable daily revenue, so you can plan, budget, and grow with confidence. With Luxor, uncertainty is optional. Learn more at luxor.tech/mining

Transcript

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0:00.0	people say, hey, all these Bitcoin miners, you know, how can they really catch up and how can they work with some of the biggest companies in the world? How can they compete with folks that have been building data centers for 10, 15 years? And part of it is for better, for worse, we come at it unconstrained. We are not saying, hey, this is how we used to do it five years ago or three years ago or seven years ago. Therefore, it should be like this. We're coming at and saying, what's the issue, what's the problem, what are we solving for, and how do we go about coming up the solution for it? We may be those folks 10 years from today and saying, oh yeah, we used to do it in this way, but today I think we do have an advantage in that we're unconstrained in how we're approaching solving some of these issues.
0:42.9	And as you said, you know, all of this is a whole new ballgame and having deep expertise in power and power distribution and how it works is really, you know, what's needed.
0:48.4	Welcome back to the Blockspace podcast brought to you by Clean Spark.
0:51.8	2025 was a banner year for public Bitcoin miners expanding into AI, and 2026 is gearing up to be at least as impactful.
1:00.8	Case in point, Terawolf has already announced two deals for Brownfield sites this year, one in Kentucky and the other in Maryland.
1:08.6	So for today's show, we have Nazir Khan, the CTO of Terawulf on
1:12.6	to discuss these deals and the time to market for them. Give us an update on the Abernathy and Lake
1:18.4	Mariner campuses that Terawolf is also expanding for AI output with its fluid stack deal.
1:24.8	And we also check in on some of the geopolitical concerns regarding the war in Iran with rising oil and shipping costs and ask him,
1:33.4	what does all of this mean as an end game for Terowulf's Bitcoin mining fleet?
1:38.5	You're listening to the Block Space podcast. We'll be right back.
1:47.0	Hey, Charlie here.
1:48.7	Guess what?
1:49.4	We just announced our next Bitcoin Technical Conference, Op Next.
1:53.8	That's right, y'all.
1:54.7	Op Next is back for 2026.
1:57.0	We're running it back after a successful event at Strategies HQ in Tyson's Virginia last year,
2:01.9	and this year we are bringing it to the big Apple at the iconic time center in Midtown Manhattan.
2:07.4	We're hosting the big names and projects that you recognize like Robin Linus of BitVM.
2:13.4	Nick Jonas of Blockstream, Antoine Poinsot of ChainCode Labs, and Calais of BitChat, will also be
2:18.6	present. And this isn't just for the devs. We have institutions talking with the developers.
2:25.1	That's what Up Next is all about. We have Robert Michnik, head of digital assets for BlackRock,
	...

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