TeraWulf acquires Kentucky AI data center site with planned 1 GW capacity

first published 2026-05-26T14:09:01Z

TeraWulf acquired the Muskie Data Campus in eastern Kentucky for a planned buildout of more than 1 gigawatt of AI and high-performance computing capacity. The project includes a 345 kV substation connected to a 765 kV transmission network, with 500 MW expected in the second half of 2028 and another 500 MW in the second half of 2030. The move highlights TeraWulf's transition from pure Bitcoin mining toward AI/HPC leasing, which already made up most of its Q1 2026 revenue, despite the company still reporting a large net loss.

AI Analysis

The summary says TeraWulf is shifting from pure Bitcoin mining toward AI/HPC leasing and that this already generated the majority of Q1 2026 revenue, but the project has a long timeline and the company still posted a large net loss. That makes it mildly constructive for TeraWulf but only moderate in short-term market impact.

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