Why it matters
The strategic read
Adds another public miner-to-AI infrastructure expansion where the scarce asset is not GPUs but controllable land, transmission access and utility-scale power delivery. TeraWulf is turning Kentucky into a second major campus market beside Lake Mariner and Justified Data, with Kentucky Power building a 345 kV substation tied into a 765 kV network.
Source-supported terms
What was disclosed
- 01
TeraWulf announced the acquisition of the Muskie Data Campus from Industrial Equity Partners.
- 02
The site is expected to support more than 1 GW of AI and HPC data-center capacity over time.
- 03
Delivery of the initial 500 MW is expected to ramp beginning in the second half of 2028, with another 500 MW targeted for the second half of 2030.
- 04
The campus includes about 285 acres of owned and controlled land within the 1,000-acre EastPark Industrial Park, with optional adjacent acreage for future expansion.
- 05
Kentucky Power, an AEP company, is constructing a 345 kV substation connected to the existing 765 kV transmission network.
- 06
Transmission infrastructure and energy service agreements were executed concurrently with the acquisition under the applicable Industrial General Service tariff for large loads.
- 07
TeraWulf said the site is already zoned for the intended use, permitting is underway, and limited site work is required to support data-center construction.
Disclosure boundary
What is known—and what is not
Primary announcement and 8-K summary are public; purchase price, MIPA terms, power-delivery pricing, customer commitments, final construction phasing, capex budget, financing plan and permitting milestones are not fully public.