TeraWulf Acquires 1 GW Kentucky AI Data Center Site, Shares Jump 11%
TeraWulf Inc. has acquired a 1 GW AI-focused data center site in Kentucky, which has led to an 11% increase in its shares. The new facility, named the Muskie Data Campus, is expected to support significant computing capacity and is strategically positioned within an industrial park. This acquisition marks TeraWulf's continued expansion into high-performance computing infrastructure.
- ▪TeraWulf acquired a hyperscale data center site in eastern Kentucky from Industrial Equity Partners.
- ▪The Muskie Data Campus will support over 1 gigawatt of AI and HPC capacity, enough to power approximately 750,000 homes.
- ▪The first 500 megawatts is expected to come online in the second half of 2028, with an additional 500 megawatts by 2030.
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