Analysts estimate the 1 GW capacity could generate approximately $2.4B in annual revenue once leased, using the company's Anthropic lease as a benchmark. Kentucky Power has recently promoted the addition of large-load data center customers as a way to fund grid upgrades and potentially lower electric rates for other customers. The utility also recently announced transmission upgrades in Boyd County to support the Muskie project.
Wednesday, October 21, 2026
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TeraWulf Doubles Muskie Power to 1 GW and Accelerates Timeline to 2029
AI16 days ago
TeraWulf has expanded the energy supply for its AI/HPC site in Kentucky through a restated service agreement with the local utility. The agreement doubles contracted capacity at the Muskie campus to 1 GW, up from 500 MW, with the first phase expected to begin ramping in 2028. Pending approval from the Kentucky Public Service Commission, the second 500 MW block will now be delivered in 2029 rather than 2030. The company is also evaluating further expansion to 2 GW.
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