TeraWulf and Kentucky Power amend the Muskie Data Campus power agreements, raising contracted capacity from 500 MW to 1 GW
Amended · announced 5 Oct 2026 · the week to 9 Oct 2026
- Size
- undisclosed
- Power
- 1 GW
The parties
- Kentucky PowerSupplier
- TeraWulfcompany pageBuyer
The source
TeraWulf 8-K (Item 8.01, Ex. 99.1), 2026-10-05Regulatory filing
Amended and restated transmission infrastructure and energy service agreements between TeraWulf subsidiary DB Long Hunts Data LLC and Kentucky Power (an American Electric Power company), executed October 1, 2026. Contracted capacity at Muskie, eastern Kentucky, rises from 500 MW to 1 GW. The second 500 MW phase moves from 2030 to 2029, subject to Kentucky Public Service Commission approval and Kentucky Power's construction schedule. The first 500 MW phase remains targeted to begin ramping in 2028. No value and no customer are stated. The same 8-K says TeraWulf intends to upsize its senior secured revolving credit facility and is seeking additional senior secured debt for letter-of-credit needs tied to utility power agreements; no amount is stated.
The same parties, other deals
- Anthropic signs a 20-year lease for ~401 MW at TeraWulf's Justified Data campus in Hawesville, Kentucky, ~$19B of contracted revenue$19B · 6 Jul 2026
- TeraWulf and Fluidstack form a JV for a 168 MW Abernathy, Texas campus under a 25-year, ~$9.5B lease; Google backstops $1.3B$9.5B · 28 Oct 2025
- TeraWulf subsidiary issues $3.2B of 7.750% senior secured notes due 2030 for the Lake Mariner expansion$3.2B · 16 Oct 2025
- Fluidstack leases >200 MW at TeraWulf's Lake Mariner campus for 10 years, ~$3.7B of contracted revenue$3.7B · 14 Aug 2025
- Google backstops $1.8B of Fluidstack's Lake Mariner lease obligations and receives warrants for ~8% of TeraWulf$1.8B · 14 Aug 2025