What happened
An amended agreement with Kentucky Power increases contracted capacity from 500 megawatts to 1 gigawatt, or 1,000 megawatts. The first phase remains targeted to start ramping in 2028. Planned delivery of the second 500 megawatts moves from 2030 to 2029, subject to Kentucky Public Service Commission approval and the utility’s construction schedule. These are contracted future capacity figures, not power already operating at the campus.
What this means for owners, operators and investors
A clearer utility schedule can strengthen customer negotiations and help engineering and fiber suppliers plan. Spending should nevertheless follow executable milestones; reported customer interest does not equal signed leases or collected revenue.
Approval timing, final construction costs, customer commitments and actual energization dates remain execution risks.
- 01
What approvals and construction activities sit on the critical path?
- 02
Which customer commitments support each phase?
- 03
How much capital is exposed if power arrives late?
What to watch next
Regulatory decisions, substation progress, signed customer agreements and phase-by-phase commissioning.
- TeraWulf announcement ↗TeraWulf