TeraWulf acquired a hyperscale data center development site in eastern Kentucky called the Muskie Data Campus. The campus is located in the 1,000-acre EastPark Industrial Park and includes about 285 acres of owned and controlled land. The site is expected to support more than 1 gigawatt of AI and high-performance computing capacity. The first 500 megawatts are targeted for the second half of 2028, with an additional 500 megawatts planned for the second half of 2030. A 345 kilovolt substation connected to an existing 765 kV transmission network is being built to serve the campus. Transmission infrastructure and energy service agreements were executed at closing, and permitting is underway. The acquisition is the company’s second major digital infrastructure campus in Kentucky.
"The new "Muskie Data Campus," purchased from Industrial Equity Partners, sits within the 1,000-acre EastPark Industrial Park in northeastern Kentucky and encompasses roughly 285 acres of owned and controlled land. The site is expected to support more than 1 gigawatt of AI and HPC capacity - enough to power approximately 750,000 homes. The first 500 megawatts is targeted to come online in the second half of 2028, with an additional 500 megawatts set for delivery by the second half of 2030."
"Kentucky Power, an AEP company, is constructing a 345 kilovolt substation connected to an existing 765 kV transmission network to serve the campus. Transmission infrastructure and energy service agreements were executed at closing, establishing what TeraWulf described as a clear pathway to long-term, large-scale power delivery. The site is zoned for its intended use, with permitting underway."
""The defining constraint in this market is no longer computing hardware - it is power, transmission infrastructure, and execution certainty," said Paul Prager, TeraWulf's Chairman and CEO. "Muskie combines scalable power, robust transmission infrastructure, development readiness, and strategic regional positioning in a way that is difficult to replicate.""
"The acquisition marks TeraWulf's second major digital infrastructure campus in Kentucky, joining its 480-megawatt Justified Data campus in Hancock County. The company bills itself as a "power infrastructure company that builds digital infrastructure" - a distinction Prager said underlies TeraWulf's ability to secure sites like Muskie ahead of competitors."
#ai-and-hpc-infrastructure #data-center-development #power-transmission-and-substations #kentucky-industrial-real-estate #terawulf-acquisition
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