TeraWulf Acquires 1 GW Hyperscale Data Campus in Kentucky for AI/HPC Expansion
WULF has more than doubled off its 52-week low of $3.395.
Summary
TeraWulf announced the acquisition of the Muskie Data Campus in Eastern Kentucky, a 285-acre site designed to support up to 1 GW of AI and HPC data center capacity.
Key Events · M&A and Partnerships · WULF
-
Acquisition of Muskie Data Campus
TeraWulf acquired a hyperscale development site in Eastern Kentucky from Industrial Equity Partners, closing effective May 22, 2026.
-
1 GW Capacity for AI/HPC
The 285-acre site is capable of supporting over 1 gigawatt of data center capacity for AI and high-performance computing, with initial 500 MW ramping in H2 2028 and an additional 500 MW by H2 2030.
-
Secured Power Infrastructure
Kentucky Power is constructing a 345 kV substation, and transmission infrastructure and energy service agreements are already executed, providing a clear pathway to long-term, large-scale power delivery.
-
Strategic Growth Initiative
This acquisition reinforces TeraWulf's strategy of securing large-scale, power-advantaged sites for next-generation HPC workloads, leveraging recent capital raises for expansion.
Analysis · WULF · Crypto Assets
TeraWulf has acquired a significant 285-acre site in Eastern Kentucky, capable of supporting up to 1 gigawatt of data center capacity for hyperscale AI and high-performance computing. This strategic acquisition, which closed immediately, leverages the substantial capital raised in recent offerings and positions the company for long-term growth in the high-demand AI/HPC sector by securing critical power infrastructure and land for future development.
How filings like this one have moved
In the 30 days to Sep 20, 2026, 35% of the 1044 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.44%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, WULF was trading at $23.99 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $11.3B. The 52-week trading range was $3.40 to $25.76. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.