TeraWulf doubles Muskie campus contracted power capacity to 1 GW
TeraWulf amended its electric-service agreement with Kentucky Power to raise contracted capacity at its Muskie Data Campus in eastern Kentucky from 500 MW to 1 GW. The agreement moves the planned arrival of the second 500 MW block forward by a year, to 2029, while the initial block is still expected to start ramping in 2028. The change requires Kentucky Public Service Commission approval and depends on Kentucky Power's construction timetable.
Why it matters
The added contracted power increases the scale available for TeraWulf's planned AI and high-performance-computing campus. TeraWulf Chief Executive Officer Paul Prager said the earlier second phase provides more flexibility for prospective customer deployments.
Key facts
- 1TeraWulf signed an amended and restated electric-service agreement with Kentucky Power for the Muskie Data Campus. globenewswire.com
- 2The agreement lifts Muskie's contracted electricity capacity from 500 MW to 1 GW. globenewswire.com
- 3The second 500 MW phase is now planned for delivery in 2029 rather than 2030. globenewswire.com
- 4The first 500 MW phase is targeted to begin ramping in 2028. globenewswire.com
- 5The revised agreement is contingent on Kentucky Public Service Commission approval and Kentucky Power's construction schedule. globenewswire.com
- 6TeraWulf bought the Muskie site in May 2026 for phased AI and high-performance-computing development. globenewswire.com
Open questions
- The timing of the second phase remains conditional on Kentucky Public Service Commission approval and Kentucky Power's construction schedule.
- Materials 6 and 7 report that TeraWulf will provide $100M in winter bill credits, but the supplied primary release and 8-K do not mention those credits.
Summary written by AlphAI from 8 of 8 sources. Not investment advice. Figures are as stated by the linked sources.