TeraWulf acquires a 1+ GW HPC campus in Eastern Kentucky
The Muskie Data Campus will support over 1 GW of AI and HPC capacity, with initial 500 MW delivery starting in 2028.
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Energy infrastructure for next-generation AI and high-performance computing
terawulf.comLast updated
The Muskie Data Campus will support over 1 GW of AI and HPC capacity, with initial 500 MW delivery starting in 2028.
Revenue totaled $34.0 million, including $21.0 million in HPC lease revenue; cash was ~$3.1 billion; 60 MW operating HPC capacity; closed $250 million revolving credit facility.
Proceeds will finance a data center in Hawesville, Kentucky, including repayment of bridge credit facility.
Revenue expected $30-35M with adjusted EBITDA $0-3M, and secured a $250M revolving credit facility.
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TeraWulf is successfully capitalizing on the artificial intelligence boom by securing massive utility grid connections to power new computing facilities.
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