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
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Acquisition of Muskie Data Campus
TeraWulf acquired a hyperscale development site in Eastern Kentucky from Industrial Equity Partners, closing effective May 22, 2026.
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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.
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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.
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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.
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.