CHARLES COUNTY, Md. — TeraWulf Inc., a Maryland-based developer of large-scale digital and energy infrastructure, has announced plans to acquire the former Morgantown Generating Station in Charles County as part of its expansion into power and data center development.
According to a Feb. 2, 2026, press release, TeraWulf said Morgantown’s existing infrastructure currently provides electricity directly to the grid. The site includes approximately 250 buildable acres and has the capacity to scale up to 1 gigawatt (GW) of energy load over time. The company’s development approach currently involves constructing an initial 500 megawatts (MW) of capacity.
“The site’s development plan is designed to ensure it remains a net-positive energy supplier for the State of Maryland by pairing future onsite load with incremental generation capacity and battery storage,” the company stated.
The release also emphasized the strategic location of the Morgantown site, citing its proximity to the Washington, D.C. metro area and other Mid-Atlantic markets as an advantage for compute-intensive uses that require reliable infrastructure and connectivity.
“The site’s existing power and industrial infrastructure provide a differentiated pathway to serve future demand while navigating the constraints of more saturated tech corridors,” TeraWulf noted.
The Morgantown site—once one of Southern Maryland’s largest coal-fired power plants—ceased coal operations in June 2022 after more than 50 years of service. GenOn Holdings announced the early retirement five years ahead of schedule, citing unfavorable economic conditions and the high cost of environmental compliance. The plant had long been a focus of environmental and public health advocacy due to decades of emissions and discharges into the Potomac River.
Note: The acquisition is not yet final. The transaction is subject to third-party consents and regulatory approvals, including review by the Federal Energy Regulatory Commission (FERC).
On Facebook, Charles County Commissioner Gilbert “BJ” Bowling clarified that private-sector sales like this do not require approval or notification from the county government. In a comment on his public post sharing the press release from TeraWulf, Bowling stated:
“Private sector sales do not need approval, notification, or permission from the County Government. Regulatory matters are handled by the state and federal government.”
The company’s initial development at the site includes:
- 210 MW of operational generation capacity
- A planned 500 MW of new capacity
- 250 buildable acres with existing power infrastructure
- Future use for data centers, high-performance computing (HPC), and bitcoin mining
This announcement comes as Charles County continues to evaluate broader policy decisions around energy and data development. While unrelated, the Charles County Planning Commission met on Feb. 2, 2026, and voted to extend discussion on a proposed zoning amendment related to data centers, following significant public input and debate over future regulations.
You can read more about the Feb. 2 Planning Commission meeting below:
Planning Commission Delays Action On Data Center Zoning In Charles County
About TeraWulf
TeraWulf develops, owns, and operates sustainable, industrial-scale data center infrastructure in the United States, purpose-built for high-performance computing (HPC) hosting and bitcoin mining. Led by a team of veteran energy infrastructure entrepreneurs, TeraWulf is committed to delivering scalable compute capacity for next-generation AI and HPC customers. Learn more with their press release at terawulf.com
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