Fluor Corporation (NYSE: FLR) signed a limited notice to proceed with TeraWulf Inc. for master planning and pre-construction services on a data center campus in North Central Kentucky, the company announced.

The project involves a brownfield data center campus with access to up to 480 megawatts of grid-connected power. Fluor will recognize its portion of the contract value, which was not disclosed, in the first quarter.

Fluor will manage the project from its North American Data Center Execution Hub in Greenville, South Carolina. The limited notice to proceed allows Fluor to begin early engineering, master planning and pre-construction activities while both parties work to finalize definitive engineering, procurement and construction documentation.

TeraWulf develops, owns and operates data center infrastructure in the United States for high-performance computing and artificial intelligence workloads.

"TeraWulf is seeking a long-term partner to deliver full integration capabilities on a large scale," said John Palmer, Fluor Senior Vice President for Advanced Technologies. "TeraWulf values Fluor's ability to deliver quality and safety without sacrificing speed."

Fluor Corporation, based in Irving, Texas, reported revenue of $15.5 billion in 2025 and employs nearly 23,000 people providing engineering, procurement, construction and maintenance services globally.