TeraWulf Buys Kentucky Data Campus, Expands Pipeline 36% to 3.8 GW
TeraWulf said it acquired the Muskie Data Campus in eastern Kentucky, a site expected to support more than 1 gigawatt of long-term artificial-intelligence and high-performance-computing capacity, and the shares rose about 13% Tuesday after the announcement. The purchase expands the company’s development pipeline by about 36% to roughly 3.8 gigawatts across six sites, with an initial 500 megawatts targeted for the second half of 2028 and another 500 megawatts planned for the second half of 2030.
The campus is already zoned and permitted within a 1,000-acre industrial park, with Kentucky Power building a dedicated 345-kilovolt substation tied to existing 765-kV transmission. Muskie will be TeraWulf’s second Kentucky campus alongside the 480 MW Justified Data campus under construction with Fluor, and the company did not disclose the purchase price.
From the sources (5 posts)
@matthew_sigel$WULF - expands development pipeline ~36% with acquisition of the Muskie Data Campus, a 1+ GW possible AI/HPC site in Eastern Kentucky >Already zoned & permitted within a 1,000-acre industrial park, with Kentucky Power (AEP) building a dedi
@matthew_sigelNew site is ~300 miles from Lexington, Cincinnati, Columbus, Lousville, Pittsburgh, Cleveland, Nashville. Even only 15% probability-weighted, we estimate the site is worth $1.3B+ in equity value or $3/share. Fully energized, $7B+. WULF tr
@terawulfincMuskie is expected to support 👉 · 1+ GW long-term capacity · 500 MW targeted by 2H 2028 · Additional 500 MW targeted by 2H 2030 · Redundant utility-scale transmission infrastructure · Significant future expansion potential
@theblockcoTeraWulf stock jumps over 12% on news of Kentucky data center site acquisition
@coinmarketcapLATEST: 📈 TeraWulf surged 13% Tuesday after announcing a new Kentucky facility targeting AI and HPC demand.