WULF · TeraWulf Inc.

TeraWulf Inc. announced the acquisition of the Muskie Data Campus, a 1+ gigawatt hyperscale high-performance computing development site located within the 1,000-acre EastPark Industrial Park in Eastern Kentucky. The site comprises approximately 285 acres of owned and controlled land, with an option to acquire adjacent acres for future expansion. The acquisition was executed via a Membership Interest Purchase Agreement with Industrial Equity Partners and closed on May 22, 2026, without requiring any third-party consents or regulatory approvals. Kentucky Power, an AEP Company, is constructing a 345 kV substation connected to the existing 765 kV transmission network to support the full campus. Transmission infrastructure and energy service agreements were executed concurrently under the applicable Industrial General Service tariff structure. The site is already zoned for its intended use, with permitting activities underway, which the company believes provides a clear line of sight to near-term construction commencement and accelerated time-to-power relative to competing opportunities. This acquisition represents TeraWulf's second major digital infrastructure campus in Kentucky, alongside its 480 MW Justified Data campus in Hancock County, and meaningfully expands the company's portfolio of large-scale, energy-advantaged digital infrastructure sites.