TeraWulf Inc. (NASDAQ: WULF) announced the acquisition of a hyperscale high-performance computing development site in Eastern Kentucky called the Muskie Data Campus. The acquisition was completed through a purchase from Industrial Equity Partners.

The site is expected to support more than 1 gigawatt of data center capacity. Initial delivery of 500 megawatts is planned to begin in the second half of 2028, with an additional 500 megawatts targeted for the second half of 2030.

The Muskie Data Campus encompasses approximately 285 acres within the 1,000-acre EastPark Industrial Park. Kentucky Power, an AEP Company, is constructing a 345 kV substation connected to the existing 765 kV transmission network to support the facility.

"This acquisition further reinforces the strategy we discussed on our first quarter earnings call: securing and developing large-scale, power-advantaged sites capable of supporting the next generation of HPC workloads," said Paul Prager, Chairman and Chief Executive Officer of TeraWulf.

The site is already zoned for its intended use, with permitting activities underway. Transmission infrastructure and energy service agreements were executed concurrently with the acquisition under the applicable Industrial General Service tariff structure for large loads.

This marks TeraWulf's second major digital infrastructure campus in Kentucky, alongside the company's 480 MW Justified Data campus in Hancock County. The company operates vertically integrated digital infrastructure and focuses on developing sites for artificial intelligence and high-performance computing workloads.

TeraWulf stated it plans to collaborate with regional educational and workforce development institutions for training programs associated with the campus development.