TeraWulf Purchases Kentucky Site for 1GW Data Center Campus

Crypto mining and AI infrastructure company TeraWulf is growing its presence with plans for a second facility in Kentucky. The company this week revealed it has acquired a hyperscale high-performance computing (HPC) development site in Eastern Kentucky. Purchased from Industrial Equity Partners, the Muskie Data Campus is projected to deliver more than 1GW of data center capacity over time. Situated within the 1,000-acre EastPark Industrial Park, the 285-acre property is already zoned for data center development. The first 500MW phase is scheduled to come online starting in the second half of 2028, while a further 500MW expansion is planned for the second half of 2030. 

 “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 Paul Prager, chairman and CEO of TeraWulf. “As we said then, the defining constraint in this market is no longer computing hardware — it is power, transmission infrastructure, and execution certainty. The Muskie Data Campus directly aligns with that thesis.”

Jake Bronstein and Michael MacDougall, speaking on behalf of IEP, added: “We have long believed the Muskie Data Campus represented a compelling opportunity for large-scale digital infrastructure development in Eastern Kentucky. We believe TeraWulf brings the infrastructure expertise, power strategy, and execution capabilities needed to realize the project’s full potential.”

TeraWulf operates a former coal plant campus near Buffalo, which it initially used for crypto mining before pivoting toward AI and HPC infrastructure. Core42 and Fluidstack are customers at the site, which is planned to scale to 750MW, with potential to reach 1GW. The company is also developing projects in Texas, Maryland, Kentucky, and Lansing, New York. Google-backed deals with Fluidstack at sites in New York and Lubbock have led Google to acquire a 14 percent stake in TeraWulf. TeraWulf’s 480MW Justified Data Campus in Hancock County, Kentucky, is being built on a former Century Aluminum facility, with the first building expected on line in 2027.