Wire · regulatory
TeraWulf Wins Federal Approval, Fight Far From Over
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Fusion42 · 3 August 2026 · Fusion42 review
Federal Energy Regulatory Commission approved the transfer of the Morgantown Generating Station ownership to TeraWulf, a bitcoin-mining company planning a large data center conversion, though key issues like grid power allocation remain unresolved. The approval does not allow construction or changes in power sales, and state and local approvals are still required.
This Wire brief sits within Fusion42's coverage of Climate Tech.
◆ ◆ The Wire takeaway
You must prepare for a layered approval process as ownership changes but construction permissions are pending. Local and state regulatory hurdles will shape your entry timing and operational scope in energy-heavy or data-focused projects.
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1 source · 2 Aug 2026
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