Bitcoin mining firm TeraWulf Inc. (Nasdaq: WULF) has acquired a site in Eastern Kentucky zoned to support a hyperscale data center that is expected to support over 1 gigawatt of power capacity for AI and high-performance computing (HPC) workloads.
This so-called Muskie Data Campus was acquired from Industrial Equity Partners for undisclosed terms. It is situated within the 1,000-acre EastPark Industrial Park, and includes approximately 285 acres that can be developed.
WULF is up over 12% on the news, according to The Block's stock page.
According to the announcement, Kentucky Power is constructing a 345 kV substation connected to the existing 765 kV transmission network to support the full 1+ GW campus and energy service agreements were executed concurrently with the acquisition.
The move comes as former bitcoin mining firms continually expand into HPC and AI services, particularly by developing the data center infrastructure needed to support the compute-heavy industry.
