TeraWulf는 Ashland 인근 데이터센터 규모를 두 배로 늘릴 계획이며, Ky. Power는 Big Sandy에 발전 설비 한 기를 추가할 예정이다.

TeraWulf Inc. plans to double the capacity of its AI data center at the EastPark industrial park near Ashland, Kentucky, a year ahead of schedule. TeraWulf and Kentucky Power say the expansion would lead to lower electric bills for residential customers. TeraWulf also says the data center could double again.

Kentucky Power also said a new generating unit will be added at the Big Sandy Power Plant near Louisa, Kentucky, but details were not available.

TeraWulf and Kentucky Power have finalized an amended agreement that would double the data center's contracted electric demand. The new agreement must be approved by the Kentucky Public Service Commission.

According to Kentucky Power, the amended agreement is expected "to provide $100 million in winter bill credits funded by TeraWulf for Kentucky Power's residential customers over the first 10 years of the contract. For a typical residential customer, the bill credits could amount to approximately $25 per month during the winter heating season, with credits beginning in 2029."

The expanded agreement would increase contracted electric demand at TeraWulf's Muskie Data Campus at EastPark from 500 megawatts to 1 gigawatt. It also moves planned delivery of the second 500-MW phase up from 2030 to 2029, subject to Commission approval and Kentucky Power's construction schedule. The two companies say the campus's planned expansion "is expected to generate new economic activity through infrastructure investment, construction activity, permanent jobs and new tax revenue for local communities."

According to Kentucky Power, the agreement requires TeraWulf to pay the estimated financing costs associated with construction of Kentucky Power's planned 760-MW combined-cycle generation facility at the Big Sandy Power Plant near Louisa.

In an email asking for more details, Sarah M. Lynch, communications manager for Kentucky Power, said the company is preparing the filing for the Kentucky Public Service Commission and expects it to be completed by November.

"Once we file, we will be able to share detailed information," Lynch said. "This agreement has been designed to protect our existing customers from costs associated with serving TeraWulf and, in fact, can help relieve pressure on rates."

"We have been planning for new in-state generation for several years," she added. "Those plans began before the TeraWulf agreement and have evolved as our system needs and anticipated demand have changed."

Kentucky Power buys electricity from the coal-burning Mitchell Power Plant near Moundsville, West Virginia. Lynch said the new generating unit at Big Sandy will not affect that arrangement.

In June, TeraWulf announced its purchase of more than 300 acres of an industrial site that had sat vacant for decades. The data center site sits on the border of Boyd and Greenup counties at the EastPark industrial park. At a public meeting earlier this year, Pace Ralli, TeraWulf vice president of project development, said the Muskie project will be built in two phases and will ultimately include four buildings on the site of the once-planned Braidy Industries.

In Monday's announcement, Paul Prager, chairman and chief executive officer of TeraWulf, said, "This agreement shows how large-scale investment can support both economic growth and meaningful benefits for existing utility customers. Kentucky Power has been a strong partner in advancing Muskie's development. Expanding contracted power to 1 GW and bringing the second phase forward to 2029 positions us to meet strong customer demand and bring lasting investment to eastern Kentucky."

Kentucky Power said the agreement also includes collateral requirements and other financial protections designed to safeguard its customers. The utility plans to file the amended contract and seek related regulatory approvals later this year. The first 500 MW phase remains targeted to begin ramping in 2028.

"Customer interest in Muskie has been tremendous, and power availability is central to those conversations," Prager said. "Securing the next 500 MW and moving its planned delivery into 2029 gives us greater flexibility to meet prospective customers' deployment needs. It also builds on the progress our teams have made with Kentucky Power since we acquired the site."

TeraWulf said it continues to evaluate the campus's potential to support up to 2 GW over time, subject to additional utility planning, infrastructure and agreements.

TeraWulf develops, owns and operates large-scale, power-backed digital infrastructure built for high-performance computing and artificial intelligence workloads. The company operates the Lake Mariner Data Campus in New York and is developing and pursuing additional large-scale campuses in Kentucky, New York and Maryland. It also operates existing bitcoin-mining infrastructure at Lake Mariner, portions of which are being repurposed to support contracted high-performance computing development.