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BUZZ-TeraWulf doubles power capacity at Kentucky data center campus; stock price rises

BUZZ-TeraWulf doubles power capacity at Kentucky data center campus; stock price rises

路透社路透社2026/10/05 12:51
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October 5 - ** Data center developer TeraWulf (WULF.O) saw its shares rise 3.2% to $16 in pre-market trading ** TeraWulf signed a revised agreement with Kentucky Power, a subsidiary of American Electric Power (AEP.O), to increase the contracted power capacity at its Muskie Data Campus in eastern Kentucky from 500 megawatts to 1 gigawatt ** The agreement advances the planned delivery timeline for the campus' second phase, a 500-megawatt project, from 2030 to 2029, subject to approval by the Kentucky Public Utilities Commission and depending on Kentucky Power's construction schedule ** The agreement is expected to provide $100 million in winter electricity bill credits for Kentucky Power’s residential customers, funded by TeraWulf, over the first 10 years of the contract ** As of the last close, the company’s share price had risen 34.8% so far this year.

- ** Shares of data center developer TeraWulf (WULF.O) rose 3.2% in pre-market trading to $16

** TeraWulf signed a revised agreement with American Electric Power's (AEP.O) Kentucky Power subsidiary to increase the contracted power capacity at its Muskie Data Campus in eastern Kentucky from 500 megawatts to 1 gigawatt

** The agreement brings forward the planned delivery time for the campus's second 500-megawatt phase from 2030 to 2029, but it is subject to approval by the Kentucky Public Utility Commission and dependent on Kentucky Power's construction progress

** Under the agreement, TeraWulf is expected to contribute $100 million in winter electricity bill credits for Kentucky Power’s residential customers within the first 10 years of the contract

** As of the previous close, the company's share price has increased 34.8% so far this year


(For the convenience of non-native English speakers, Reuters has provided automated translations of its reports in several other languages. As automated translations may contain errors or fail to include necessary context, Reuters does not guarantee the accuracy of automated translation texts and provides them solely for readers’ convenience. Reuters accepts no liability for any damage or loss arising from the use of automated translations.)

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