TeraWulf Inc. (NASDAQ:WULF) shares are trading higher Tuesday after the company announced the acquisition of a hyperscale high-performing computing development site located in Eastern Kentucky.
- TeraWulf shares are powering higher. What’s fueling WULF momentum?
TeraWulf Expands Kentucky AI Infrastructure Footprint
TeraWulf said the newly acquired Muskie Data Campus is expected to support more than 1 gigawatt of data center capacity over time. The company said delivery of the initial 500 megawatts is expected to ramp beginning in the second half of 2028, with an additional 500 megawatts targeted for delivery in the second half of 2030.
The site, acquired from Industrial Equity Partners, is located within the 1,000-acre EastPark Industrial Park and includes approximately 285 acres of owned and controlled land capable of supporting hyperscale AI and HPC infrastructure, with optional adjacent acreage available for future expansion.
TeraWulf said Kentucky Power, an AEP company, is constructing a 345 kV substation connected to the existing 765 kV transmission network to support the campus. The company also said transmission infrastructure and energy service agreements were executed concurrently with the acquisition.
According to the company, the site is already zoned for its intended use, permitting activities are underway and only limited site work is required to support data center construction. TeraWulf said the campus provides a clear pathway to near-term construction commencement and accelerated time-to-power.
"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 CEO Paul Prager.
Prager added that the Muskie Data Campus combines scalable power, transmission infrastructure and development readiness designed to support hyperscale AI workloads.
TeraWulf said the Muskie Data Campus represents its second major digital infrastructure campus in Kentucky alongside its 480 MW Justified Data campus in Hancock County.
TeraWulf Shares Climb
WULF Price Action: At the time of publication, TeraWulf shares are trading 13.06% higher at $25.80, according to data from Benzinga Pro.
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