TERAWULF INC.: Muskie expansion to 1 GW

What happened TeraWulf announced in a press release dated Oct 5, 2026 that its wholly-owned subsidiary, DB Long Hunts Data LLC, entered into amended and restated transmission infrastructure and energy service agreements with Kentucky Power, increasing contracted power capacity at the Muskie Data Campus from 500 megawatts to 1 gigawatt. The Amended & Restated KY Power Agreements were executed on Oct 1, 2026. The agreements move the planned delivery of Muskie’s second 500 megawatt phase from 2030 to 2029, subject to Kentucky Public Service Commission approval and Kentucky Power’s construction schedule. The first 500 megawatt phase remains targeted to begin ramping in 2028.

Key details

• Contracted capacity at Muskie increased from 500 megawatts to 1 gigawatt.
• Amended & Restated KY Power Agreements executed on Oct 1, 2026; press release dated Oct 5, 2026.
• Second 500 megawatt phase shifted from 2030 to 2029, subject to regulatory approval and Kentucky Power’s schedule.
• Company intends to upsize its senior secured revolving credit facility and seek additional senior secured debt to support letter of credit needs; any upsize is subject to customary closing conditions and there is no assurance additional financing will be obtained.

Why it may matter This report was filed as Item 8.01 (Other events) and covers the Muskie capacity increase and a financing strategy update related to the company’s data center campus development. The filing does not show why the insider traded or why the company acted.