Century Aluminum Sells Hawesville Site to TeraWulf for AI Data Campus
Event summary
- Century Aluminum sold its Hawesville, Kentucky site to TeraWulf for redevelopment into a digital infrastructure campus supporting AI workloads.
- Century retains a non-controlling minority equity stake in the project.
- The deal follows Century's recent investments to double U.S. aluminum production, including expansions in South Carolina and Oklahoma.
- BofA Securities served as Century's financial advisor, with FBT Gibbons and Vedder providing legal counsel.
The big picture
Century Aluminum's sale of its Hawesville site to TeraWulf marks a strategic pivot from traditional aluminum production to digital infrastructure, reflecting broader industrial trends toward high-tech redevelopment. The deal comes as Century expands its aluminum production capacity in the U.S., positioning itself as a key player in both critical minerals and advanced computing infrastructure. The redevelopment is expected to create jobs and stimulate economic activity in Kentucky, aligning with Century's commitment to community benefits.
What we're watching
- Strategic Diversification
- How Century's shift from aluminum production to digital infrastructure aligns with broader industrial trends.
- Regional Economic Impact
- The pace at which the Hawesville redevelopment generates jobs and economic activity for Kentucky.
- Execution Risk
- Whether TeraWulf can deliver on its promises of high-performance computing and AI workload support.
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