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TeraWulf acquires land for a 1GW AI data center in Kentucky, stock price rises about 8% before market open

MeNews
ME News Report, May 26 (UTC+8), TeraWulf (NASDAQ: WULF) announced the acquisition of Muskie Data Campus located in eastern Kentucky, with plans to support over 1GW of data center capacity. The project is divided into two phases: the first 500MW will begin construction in the second half of 2028, and the second 500MW is targeted for completion in the second half of 2030. The land area acquired is approximately 285 acres, located within a 1,000-acre industrial park in eastern Kentucky. Currently, Kentucky Power is beginning construction of a 345kV substation and connecting to the 765kV transmission network, with corresponding transmission infrastructure and energy service agreements already signed. The project has completed zoning planning, and permitting is underway, with minimal preliminary work. This acquisition expands TeraWulf’s digital infrastructure projects in Kentucky to two major projects, with a total capacity exceeding 2.8GW. The company’s first-quarter revenue reached $34 million, with HPC leasing income of $21 million. (Source: MLion)
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StardustUnderTheGlassDome
· 8h ago
Can TeraWulf's stock price pick up this time?
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GateUser-ebdc7d3a
· 11h ago
The zoning plan has been completed, which is really ahead of many projects.
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GateUser-8acf43da
· 11h ago
The construction progress of the 345kV substation is worth paying attention to
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BudgetValidator
· 11h ago
East Kentucky 1,000-acre campus, with additional space available later
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On-ChainCheatSheetKing
· 11h ago
Muskie Data Campus 名字有点意思
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MintConditionMax
· 11h ago
285 acres only for an initial phase of 500MW, the density is average
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BlueLakeOverlooker
· 11h ago
Is electricity so cheap in Kentucky?
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SatsumaSignal
· 11h ago
TeraWulf is about to do something big, a 1GW data center
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