TeraWulf Tells Investors It Could Double The Size Of One Of Its KY Data Center Projects
TeraWulf announced plans to potentially double the size of its Muskie Data Campus in Greenup and Boyd counties, Kentucky, expanding it to 2 gigawatts. This expansion, combined with another project in Hancock County, would make TeraWulf the largest data center developer in Kentucky. The projects require significant electricity and face concerns from residents about potential impacts on utility bills.
TeraWulf, a data center developer, informed investors on Wednesday that it is considering doubling the capacity of its Muskie Data Campus in Eastern Kentucky. Chairman and CEO Paul Prager stated that the company is optimistic about expanding the project, located on the border of Greenup and Boyd counties, to as much as 2 gigawatts, potentially accelerating its development timeline. This expansion, along with a separate 500-megawatt data center in Hancock County, Western Kentucky, would give TeraWulf the largest data center footprint in the state.
Nazar Khan, TeraWulf's Chief Technology Officer, noted strong local support from officials in both Boyd, Greenup, and Hancock counties for the projects. However, the proposed developments require substantial electricity, necessitating approval from state regulators for contracts with regional utilities. Local residents have expressed concerns about how these data centers could impact their already rising electricity bills. TeraWulf is currently negotiating with Kentucky Power for the Muskie campus's electricity supply. In a related development, Kentucky Power's parent company, American Electric Power (AEP), reported to the U.S. Securities and Exchange Commission its intent to acquire the 710-megawatt Longview Power coal plant in Monongalia County, West Virginia. An AEP spokeswoman, Tammy Ridout, declined to link the acquisition directly to data center construction but affirmed that customers of Kentucky Power, Appalachian Power, and Wheeling Power would not be affected. The Longview transaction awaits approval from the Federal Energy Regulatory Commission.