TeraWulf expands Muskie data campus power capacity to 1 gigawatt
The company amended its Kentucky Power agreements to double contracted capacity and advance the second phase into 2029.
Key takeaways
- TeraWulf Inc. (WULF) said on Oct. 5, 2026, that it expanded contracted power capacity at its Muskie Data Campus in eastern Kentucky from 500 megawatts to 1 gigawatt through amended agreements with Kentucky Power Company, advancing the second 500-megawatt phase into 2029.
TeraWulf Inc. (WULF) said on Monday that its subsidiary, DB Long Hunts Data LLC, entered into amended and restated transmission infrastructure and energy service agreements with Kentucky Power Company.
The agreements increase contracted power capacity at the Muskie Data Campus in eastern Kentucky from 500 megawatts to 1 gigawatt.
“Customer interest in Muskie has been tremendous, and power availability is central to those conversations,” said Paul Prager, Chairman and Chief Executive Officer of TeraWulf, in a statement.
The amendment advances the planned delivery of the campus's second 500-megawatt phase from 2030 to 2029. The change is subject to Kentucky Public Service Commission approval and Kentucky Power's construction schedule.
Development will proceed consistent with the requirements of the Governor's Executive Order on Data Center Development.
The first 500-megawatt phase remains targeted to begin ramping in 2028.
“Securing the next 500 MW and moving its planned delivery into 2029 gives us greater flexibility to meet prospective customers’ deployment needs,” Prager said.
Kentucky Power is developing a 765-kilovolt and 345-kilovolt substation connected to the regional transmission network to serve the site.
The company also evaluates the campus's potential to support up to 2 gigawatts over time, subject to additional utility planning, infrastructure, and agreements.
In connection with data center campus development, TeraWulf intends to increase the size of its existing senior secured revolving credit facility.
The company is also seeking to raise additional senior secured debt to support letter of credit needs for long-term power development partnerships with utilities.