Miner TeraWulf to Build a 1 GW Data Center in Kentucky

• TeraWulf intends to launch a 1 GW data center by 2030.
• The company purchased a site for the facility in the Equity Partners industrial park.
• One advantage of the facility is a substation being built by a local company under an agreement with the miner.

TeraWulf announced the purchase of a site in the state of Kentucky. The company plans to build a data center there with a total capacity of up to 1 GW.

The facility is called Muskie Data Campus. The miner acquired it from Industrial Equity Partners, with the transaction amount undisclosed. The site is located in the EastPark industrial park, near Ashland and Grayson. Its area is about 285 acres.

The facility is expected to be commissioned by 2030. The miner expects the center to provide up to 1 GW of useful load. At the same time, around 500 MW is planned to be launched as early as the second half of 2028.

The purchase agreement provides for the possibility of further expanding the site. In addition, the miner signed an agreement with Kentucky Power, which is building a new substation to electrify the center.

“Muskie Data Campus further expands our portfolio of multi-site development projects and strengthens our ability to serve large customers in artificial intelligence and high-performance computing across different regions and energy markets,” said Paul Prager, chairman and chief executive officer of TeraWulf.

Like many other Bitcoin miners, TeraWulf has shifted its business profile from mining crypto assets to providing AI companies with infrastructure for training their models.

For example, Riot Platforms partially reduced its Bitcoin portfolio in order to purchase a land plot in Texas for a new data center.

At the same time, companies are facing resistance from local residents. They oppose the construction of data centers because of noise pollution and vibrations from cooling systems.

Meanwhile, the market reacted positively to the news of TeraWulf building a new high-performance computing (HPC) center.

The company’s share price rose from $22 to $25.7.

WULF share price on Nasdaq. Source: TradingView.

Muskie Data Campus is TeraWulf’s second data center in Kentucky. The company also owns the 480 MW Justified Data facility.

See also: "Bitcoin Miners Are Becoming Key Players in the AI Infrastructure Race"

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