TeraWulf has acquired a site in Kentucky for a 1 GW data center, with plans for 500 MW operational by 2028.
TeraWulf has finalized the acquisition of a site in Eastern Kentucky, aiming to establish a high-performance computing (HPC) infrastructure with a projected capacity exceeding 1 gigawatt (GW).
The new facility, named the Muskie Data Campus, was purchased from Industrial Equity Partners. The initial phase will see 500 megawatts (MW) operational by the latter half of 2028, with an additional 500 MW expected to launch by the close of 2030.
Located within the EastPark industrial park, the site spans 404.7 acres, of which TeraWulf currently owns and controls around 115.3 acres, allowing for future expansion.
Energy for the campus will be provided by Kentucky Power, with a new 345 kV substation under construction that will connect to a 765 kV transmission line. The company has also established agreements to support large energy loads.
The site is already zoned for development, and TeraWulf is currently navigating the permitting process, which they deem to be relatively straightforward.
This marks TeraWulf's second significant project in Kentucky, following the Justified Data Campus in Hancock County, which has a capacity of 480 MW.
For context, TeraWulf reported $34 million in revenue for the first quarter of the year, with about $21 million generated from its HPC services.
