Mentioned:
TeraWulf has landed a major power approval in Kentucky. And it’s going to support their multi-billion deal with Anthropic.
What’s happening:
- TeraWulf (NASDAQ: WULF) has secured approval from the Kentucky Public Service Commission for a retail electric service agreement to supply up to 482 megawatts to their data centre campus located in Hancock County, Kentucky
Why it matters:
- TeraWulf now has an approved power contract to support their planned financing and construction of their data centre campus in Hancock County, Kentucky
Going deeper:
- TeraWulf has publicly stated they expect their data centre campus in Hancock County, Kentucky to cost between $4B USD and $4.5B USD to initially build out
- Anthropic and TeraWulf recently made major waves on Wall Street when they formed a 20 year lease agreement worth up to a total of $19B USD in revenue
The intrigue:
- TeraWulf has been aggressively buying up new development sites for data centres in Kentucky lately, including previously purchasing the Muskie Data Campus which is expected to be able to support 1 gigawatt of power capacity over the next four years
