Mon, Oct 5, 2026
TeraWulf expands Muskie contracted power to 1 GW
Key points
- Subsidiary DB Long Hunts Data LLC amended its transmission and energy service agreements with Kentucky Power (an AEP company) on October 1, 2026
- Contracted power capacity at the Muskie Data Campus in eastern Kentucky increased from 500 MW to 1 GW
- Second 500 MW phase delivery moved up from 2030 to 2029, subject to Kentucky Public Service Commission approval and Kentucky Power's construction schedule
- First 500 MW phase remains targeted to begin ramping in 2028
- Company also intends to upsize its existing senior secured revolving credit facility and raise additional senior secured debt to support letter-of-credit needs tied to its power development partnerships with utilities
Site update
| Site | Status | Active | In build | Theoretical |
|---|---|---|---|---|
MuskieGrayson, KY Amended & Restated KY Power Agreements (executed Oct 1, 2026) firm up contracted power capacity at Muskie to 1 GW (500 MW + 500 MW); second 500 MW phase delivery moved from 2030 to 2029, subject to KY PSC approval and Kentucky Power's construction schedule; first 500 MW phase still targeted to begin ramping in 2028. | Disclosed | — | — | 1,000 MWgross |