{"slug": "terawulf-jumps-on-1-gigawatt-kentucky-data-center-site-acquisition", "title": "TeraWulf jumps on 1-gigawatt Kentucky data center site acquisition", "summary": "TeraWulf shares rose after the company acquired a 1-gigawatt hyperscale data center site in eastern Kentucky, called the Muskie Data Campus. The 285-acre site is engineered to support over 1 gigawatt of capacity, with the first 500 megawatts expected to ramp up in the second half of 2028. The acquisition accelerates TeraWulf’s transition from a bitcoin miner into an HPC and AI infrastructure provider.", "body_md": "# TeraWulf jumps on 1-gigawatt Kentucky data center site acquisition\n\n[TeraWulf](https://robinhood.com/us/en/stocks/WULF/?source=sherwood) shares are rising after the company [announced](https://investors.terawulf.com/news-events/press-releases/detail/141/terawulf-expands-infrastructure-platform-with-acquisition-of-1-gw-eastern-kentucky-hpc-campus) it has acquired a 1-gigawatt hyperscale data center site in eastern Kentucky.\n\nThe project, known as the Muskie Data Campus, marks an expansion of the company’s digital infrastructure capabilities and accelerates TeraWulf’s [transition from a bitcoin miner](https://sherwood.news/crypto/as-bitcoin-mining-economics-have-gone-from-bad-to-worse-companies-pivot-and/) into an HPC and AI infrastructure provider. The newly acquired site spans 285 acres and is engineered to support more than 1 gigawatt of data center capacity over time, with the first 500 megawatts scheduled to ramp up in the second half of 2028.\n\nThe Muskie Data Campus represents TeraWulf’s second major digital infrastructure campus in Kentucky, alongside the company’s 480-megawatt Justified Data campus in Hancock County.\n\n“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,” Paul Prager, chairman and CEO of TeraWulf, said. “As we said then, the defining constraint in this market is no longer computing hardware — it is power, transmission infrastructure, and execution certainty.”\n\nTeraWulf reported strong [Q1 earnings results](https://sherwood.news/crypto/terawulf-q1-2026-earnings/) in early May. While heavy capital expenditure resulted in a GAAP loss, the company generated $34 million in revenue. The stock is up more than 120% year to date.", "url": "https://wpnews.pro/news/terawulf-jumps-on-1-gigawatt-kentucky-data-center-site-acquisition", "canonical_source": "https://sherwood.news/markets/terawulf-jumps-on-1-gigawatt-kentucky-data-center-site-acquisition/", "published_at": "2026-05-26 14:46:09+00:00", "updated_at": "2026-05-26 23:44:10.166991+00:00", "lang": "en", "topics": ["ai-infrastructure", "ai-chips", "ai-startups"], "entities": ["TeraWulf", "Muskie Data Campus", "Paul Prager", "Justified Data campus", "Kentucky"], "alternates": {"html": "https://wpnews.pro/news/terawulf-jumps-on-1-gigawatt-kentucky-data-center-site-acquisition", "markdown": "https://wpnews.pro/news/terawulf-jumps-on-1-gigawatt-kentucky-data-center-site-acquisition.md", "text": "https://wpnews.pro/news/terawulf-jumps-on-1-gigawatt-kentucky-data-center-site-acquisition.txt", "jsonld": "https://wpnews.pro/news/terawulf-jumps-on-1-gigawatt-kentucky-data-center-site-acquisition.jsonld"}}