Terawulf expands Muskie data campus capacity to 1 GW

• TeraWulf (NASDAQ:WULF) signed an amended electric service agreement with Kentucky Power, increasing contracted capacity at its Muskie Data Campus to 1 GW from 500 MW.
• Planned delivery of the second 500 MW phase moved ahead from 2030 to 2029, pending regulatory approvals and utility construction timelines.
• The company stated that the site development supports phased artificial intelligence and high-performance computing infrastructure.

TeraWulf (NASDAQ:WULF) secured expanded electrical capacity to accelerate development at its Muskie Data Campus.

The site, acquired in May 2026 for AI and high-performance computing initiatives, maintains its target to begin ramping the initial 500 MW phase in 2028.

Kentucky Power is actively developing a dedicated substation connected to the regional transmission network to support the massive energy load.

Following the announcement, TeraWulf's share price was up at $7.40.

Looking beyond the current 1 GW commitment, leadership continues evaluating potential expansion up to 2 GW, contingent on further utility planning and regulatory compliance.

All future construction will align directly with Governor Beshear's Executive Order on Data Center Development.