AcquisitionsMay 26, 2026, 08:12 AM
TeraWulf Acquires 1+ GW Eastern Kentucky HPC Campus
AI Summary
TeraWulf Inc. announced the acquisition of the Muskie Data Campus, a hyperscale development site in Eastern Kentucky, from Industrial Equity Partners. This acquisition significantly expands TeraWulf's portfolio, with the site expected to support over 1 gigawatt of data center capacity, with initial 500 MW ramping in H2 2028 and another 500 MW in H2 2030. The campus features robust power infrastructure, including a new 345 kV substation, and aligns with TeraWulf's strategy of securing large-scale, power-advantaged sites for AI and high-performance computing workloads.
Key Highlights
- TeraWulf acquired the Muskie Data Campus from Industrial Equity Partners (IEP).
- The Muskie Data Campus is expected to support over 1 gigawatt (GW) of data center capacity.
- Initial 500 megawatts (MW) delivery is targeted for the second half of 2028.
- An additional 500 MW is targeted for delivery in the second half of 2030.
- The site includes approximately 285 acres of owned and controlled land, with options for adjacent expansion.
- Kentucky Power is constructing a 345 kV substation connected to a 765 kV transmission network.
- The acquisition closed effective May 22, 2026, requiring no third-party consents or regulatory approvals.
- This is TeraWulf's second major digital infrastructure campus in Kentucky.
Price Impact
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