TeraWulf Expands Contracted Power Capacity to 1 GW at Muskie Data Campus
TeraWulf (NASDAQ: WULF) has expanded the contracted power capacity at its Muskie Data Campus in eastern Kentucky by entering into an amended and restated electric service agreement with Kentucky Power, a subsidiary of American Electric Power. The new agreement increases the campus's available power to one gigawatt, supporting TeraWulf’s growing operations as it scales up Bitcoin mining activities. This expansion is part of TeraWulf’s strategy to secure reliable energy resources for its data centers and enhance operational efficiency in a competitive market. With increased capacity, the company aims to accommodate more high-performance computing hardware while maintaining cost-effective electricity rates through long-term agreements with local utilities. The move reflects broader industry trends where Bitcoin miners seek stable power sources at scale to remain profitable amid fluctuating energy prices and regulatory scrutiny.
