TeraWulf Doubles Contracted Power Capacity to 1 GW for Muskie Data Campus Expansion

TeraWulf Inc. announced it has amended its energy service agreements with Kentucky Power to double the contracted power capacity at its Muskie Data Campus in eastern Kentucky from 500 megawatts (MW) to 1 gigawatt (GW). This expansion is intended to meet strong customer interest for AI and high-performance computing workloads.

Key Details

• Power Capacity Increase: The amended agreement increases total contracted power capacity from 500 MW to 1 GW.
• Accelerated Timeline: The delivery of the second 500 MW phase has been moved up to 2029 from the original target of 2030.
• Project Phases: The first 500 MW phase remains targeted to begin ramping in 2028.
• Financing Update: In connection with its development plans, the company intends to increase the size of its existing senior secured revolving credit facility and seek additional debt financing.