Kentucky approves power agreement for TeraWulf’s Justified Data Campus
The Kentucky Public Service Commission has approved a 482 MW electric service agreement for TeraWulf's (NASDAQ: WULF) Justified Data Campus in Hancock County. The approval allows Big Rivers and Kenergy to implement the retail electric service agreement, which spans an initial 15-year term with potential five-year extensions. Under the terms of the deal, TeraWulf will cover all market-related costs including transmission infrastructure and credit support obligations. TeraWulf's Energy Plan outlines that energy for the campus will be procured through MISO rather than from Big Rivers' generation fleet, with those costs passed directly to TeraWulf. The company must either prepay or provide double its estimated highest monthly bill as credit support. Transmission upgrades are also a responsibility of TeraWulf. The Justified Data Campus is located at the former Century Aluminum Hawesville smelter site and will require $4 billion to $4.5 billion in construction costs, excluding customer-funded computing equipment. Anthropic has signed a 20-year lease for approximately 401 MW of capacity with initial operations expected by late 2027.
Tickers: $WULF
Topics: data centers energy infrastructure