🟢 American Electric Power is trading 5% up in after-hours trading after Kentucky Power doubled TeraWulf power capacity

American Electric Power is trading at $125.62, up 4.92% in after-hours trading; Kentucky Power’s expanded TeraWulf agreement is the clearest reported explanation for the gain.

• On October 5, Kentucky Power finalized an expanded agreement, doubling contracted capacity for TeraWulf’s Muskie data campus from 500 megawatts to 1 gigawatt.
• The deal includes $100 million in customer benefits, including potential lower winter bills for residential customers.
• No after-hours trading volume data was available in the reviewed sources.