TeraWulf Raises Muskie Contracted Power to 1 GW and Moves Second Phase to 2029
TeraWulf said its subsidiary signed amended and restated power agreements with Kentucky Power that raise contracted capacity at its Muskie Data Campus in Kentucky from 500 MW to 1 GW. The filing also says the second 500 MW phase is now planned for delivery in 2029 instead of 2030, subject to Kentucky Public Service Commission approval, and the company plans to seek more senior secured financing, with no assurance it will obtain it.
Key points
- Contracted power at Muskie rises from 500 MW to 1 GW under agreements executed October 1, 2026.
- Second 500 MW phase delivery moves from 2030 to 2029, subject to Kentucky Public Service Commission approval and Kentucky Power's construction schedule.
- First 500 MW phase remains targeted to begin ramping in 2028.
- TeraWulf plans to upsize its senior secured revolving credit facility and seek additional senior secured debt for letter of credit needs; the filing gives no assurance the financing will be obtained.
The filing
Written by AI on Nov 9, 2026, 8:36 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.