Terawulf acquired the Muskie Data Campus in eastern Kentucky within the 1,000-acre Eastpark Industrial Park, adding about 285 acres of owned and controlled land. The campus is expected to support more than 1 gigawatt of AI and high-performance computing capacity, roughly enough electricity for 750,000 homes. Terawulf plans to bring the first 500 megawatts online in the second half of 2028, with an additional 500 megawatts expected by the second half of 2030. The move follows Terawulf’s existing 480-megawatt Justified Data campus in Hancock County and reflects a shift from bitcoin mining toward power infrastructure for AI workloads. Investors responded positively, sending shares up as much as 13.6%.
"Terawulf Inc. is moving deeper into artificial intelligence (AI) infrastructure with the purchase of a large data center development site in eastern Kentucky, underscoring how former bitcoin mining firms are chasing demand for power-hungry computing capacity. The Nasdaq-listed company said it acquired the Muskie Data Campus from Industrial Equity Partners. The site sits inside the 1,000-acre Eastpark Industrial Park in northeastern Kentucky and includes about 285 acres of owned and controlled land."
"Terawulf said the campus is expected to support more than 1 gigawatt of AI and high-performance computing capacity. That is roughly enough electricity to power 750,000 homes. The company plans to bring the first 500 megawatts online in the second half of 2028. A further 500 megawatts is expected to follow by the second half of 2030."
"The defining constraint in this market is no longer computing hardware; it is power, transmission infrastructure, and execution certainty, Chairman and CEO Paul Prager said. He added that Muskie combines scalable power, strong transmission access, and development readiness in a way that is hard to replicate. The acquisition gives Terawulf a second major digital infrastructure campus in Kentucky."
"Terawulf has been repositioning itself as a power infrastructure company that builds digital infrastructure, rather than a pure bitcoin miner. That strategy is beginning to show up in its financial resu"
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