TeraWulf's Muskie campus will have twice the contracted power capacity, with its second phase planned a year sooner. The earlier date depends on state approval and utility construction, and TeraWulf is seeking more debt, but the larger, earlier buildout supports growth.
More contracted power and an earlier second phase give TeraWulf room to expand its data-center business sooner. The second phase still depends on state approval and Kentucky Power's construction schedule. TeraWulf also plans to seek more secured debt, and there is no promise it will get the financing. The expansion is a growth step, but its timing and funding remain uncertain.
Kentucky Power agreed to power-service changes for TeraWulf's larger Muskie campus, but the filing gives no sales, costs, or profit details for Kentucky Power. The story does not show a change in AEP's outlook.
Follow TeraWulf Inc. (WULF) free. When we publish a story about it, you get the plain-English explanation as an alert.
Get alerts for WULF