TeraWulf Inc. just bought itself another massive plot of Kentucky real estate, and this one could eventually house more than a gigawatt of data center capacity. The Nasdaq-listed company acquired the Muskie Data Campus, a hyperscale AI and high-performance computing site in Eastern Kentucky, from Industrial Equity Partners.
The deal expands TeraWulf’s total development pipeline by roughly 36%. For a company that started life as a Bitcoin miner, that’s a pretty deliberate pivot toward the business of powering artificial intelligence.
What TeraWulf is actually building
The Muskie Data Campus sits on approximately 285 acres within the 1,000-acre EastPark Industrial Park in Eastern Kentucky.
The projected buildout is split into two phases. The first targets 500 MW of operational capacity by the second half of 2028. The second phase aims to add another 500 MW by the second half of 2030, bringing the site’s total potential past the 1 GW mark.
