TeraWulf acquires site in Greenup for 1+ GW data center campus
TeraWulf has acquired a 285-acre site in Greenup County, Kentucky, for its new Muskie Data Campus, which is planned to be a 1+ gigawatt data center operation. The initial 500 MW capacity is expected by late 2028, supported by a new 345 kV substation being constructed by Kentucky Power. The site is already zoned for its intended use and is seen as a significant economic development for the region.
Digital infrastructure owner-operator TeraWulf Inc. has announced the acquisition of a significant development site in Greenup County, Kentucky, for its new "Muskie Data Campus." Located within the 1,000-acre EastPark multiuse business park near Ashland and Grayson, the 285-acre site is projected to support over 1 gigawatt of data center capacity, with the first 500 megawatts expected by late 2028 and an additional 500 MW by late 2030.
The acquisition from Industrial Equity Partners (IEP) facilitates TeraWulf's strategy to develop large-scale AI and high-performance computing (HPC) sites with assured power availability. To support the campus, Kentucky Power, an AEP Company, is constructing a new 345 kV substation connected to a 765 kV transmission network, ensuring robust utility-scale power. The site is already zoned for its intended use, with permitting underway and minimal site preparation required for construction.
Paul Prager, chairman and CEO of TeraWulf, emphasized that the project aligns with the company's focus on securing power-advantaged locations, citing power and transmission infrastructure as critical constraints in the current market. He highlighted TeraWulf's integrated approach as a "power infrastructure company that builds digital infrastructure." The project is anticipated to be a major economic development driver for northeastern Kentucky, generating construction activity, skilled employment, and tax revenue with support from the Governor's office and local county leadership. This marks TeraWulf's second major digital infrastructure campus in Kentucky, complementing its 480 MW Justified Data campus in Hancock County.