# TeraWulf acquires 1 GW hyperscale data site in eastern Kentucky

**Published:** 2026-05-26T19:33:00.000Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/95714aab-a049-4191-a6fc-db5150736cf6

TeraWulf buys a 285‑acre “Muskie” campus in EastPark, targeting 1 GW AI/HPC capacity by 2030, with power upgrades and job promises.

TeraWulf Inc. announced the purchase of a hyperscale data center site in eastern Kentucky that will eventually support more than 1 gigawatt of AI and high‑performance computing capacity, with the first 500 megawatts slated for rollout in the second half of 2028 [1].  

The 1,000‑acre EastPark Industrial Park parcel, of which TeraWulf controls roughly 285 acres, will be developed as the “Muskie Data Campus.”  Kentucky Power, an AEP subsidiary, is building a 345‑kilovolt substation that ties into an existing 765‑kilovolt transmission line to deliver utility‑scale, redundant power to the campus [2].  The company says the site is “shovel‑ready,” with permitting underway and zoning already in place, positioning it as a rare, fully‑planned location for large‑scale AI compute [1][2].  

TeraWulf frames power and transmission infrastructure as the primary bottleneck for future AI projects, arguing that its control of both land and grid connections gives it a competitive edge [1][2].  The acquisition follows the company’s earlier 480‑megawatt Justified Data campus in Hancock County, marking its second major Kentucky venture [1].  A $3 billion financing package arranged through Morgan Stanley, with Google backing the debt, underwrites the broader expansion strategy announced last September [1].  

The move comes as TeraWulf’s AI‑related revenue surged 117 percent in the latest quarter, overtaking Bitcoin mining income for the first time, even as the firm posted a $427 million net loss due to heavy infrastructure spending [1].  Shares jumped as much as 13.6 percent in early New York trading, reaching near‑$26 and more than doubling since the start of the year [1].  The project is also being touted for its local economic impact: officials from Greenup and Boyd counties, along with state agencies, highlighted expected construction jobs, long‑term skilled employment, and incremental tax revenue [2].  

If the Muskie campus reaches its 1 GW target by 2030, it will consume enough electricity to power roughly 750,000 homes, adding a significant load to Kentucky’s grid and joining a broader wave of hyperscale data center proposals that could total several gigawatts statewide [3].  The real question now is whether Kentucky’s utilities and regulators can accommodate this surge without raising residential electricity costs or triggering environmental concerns, a debate already playing out across the state’s emerging data‑center pipeline.

## Sources
1. Bitcoin Magazine — [TeraWulf Acquires 1 GW Kentucky AI Data Center Site, Shares Jump 11%](https://bitcoinmagazine.com/news/terawulf-acquires-1-gw-kentucky-ai-data)
2. Wkyt — [Bitcoin mining company plans large-scale data center in eastern Kentucky](https://www.wkyt.com/2026/05/26/bitcoin-mining-company-plans-large-scale-data-center-eastern-kentucky/)
3. News-expressky — [Utilities report as many as 30 data centers under discussion in Kentucky | News | news-expressky.com](https://www.news-expressky.com/news/utilities-report-as-many-as-30-data-centers-under-discussion-in-kentucky/article_8911efbd-7532-4756-9fcf-8edebe2c14b5.html)

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Cite as: TrendWatcher, "TeraWulf acquires 1 GW hyperscale data site in eastern Kentucky", https://www.trendwatcher.in/article/95714aab-a049-4191-a6fc-db5150736cf6