TechFlow News, May 26: According to TheEnergyMag, TeraWulf (NASDAQ: WULF) announced the acquisition of the Muskie Data Campus in eastern Kentucky, expected to support over 1 GW of data center capacity. Phase I—500 MW—is scheduled to begin delivery in the second half of 2028, while Phase II—another 500 MW—aims for completion in the second half of 2030. The site, acquired from Industrial Equity Partners, spans approximately 285 acres and is located within a 1,000-acre industrial park in eastern Kentucky.
American Electric Power (AEP), through its Kentucky utility subsidiary, has commenced construction of a 345 kV substation to interconnect with the 765 kV transmission network; transmission infrastructure and energy services agreements have already been signed. TeraWulf stated that zoning for the project has been finalized and permitting is underway, with minimal site-preparation work required at this stage. Following this acquisition, TeraWulf’s footprint in Kentucky will expand to two digital infrastructure projects, bringing its total platform capacity to over 2.8 GW. The company reported first-quarter revenue of $34 million, including $21 million in HPC leasing revenue.
