TeraWulf’s newly acquired 285-acre Muskie Data Campus in eastern Kentucky is expected to support more than 1 gigawatt of AI and high-performance computing capacity, with the first 500 megawatts targeted for the second half of 2028 and another 500 megawatts planned for the second half of 2030. Kentucky Power is building a 345 kV substation connected to a 765 kV transmission network, and TeraWulf said transmission and energy service agreements tied to the project have already been secured. The expansion reinforces TeraWulf’s transition from Bitcoin mining to AI and HPC hosting, where the company said AI compute revenue exceeded Bitcoin mining revenue for the first time in Q1 and HPC leasing contributed about $21 million of its roughly $34 million in Q1 2026 revenue. The announcement comes as investors increasingly view electricity access, transmission infrastructure, and utility approvals as central constraints on hyperscale AI development.