TeraWulf doubles power capacity at Kentucky data center campus; shares rise
BUZZ-TeraWulf doubles power capacity at Kentucky data center campus; shares rise ** Shares of data-center developer TeraWulf WULF.O rise 3.2% to $16 premarket
** TeraWulf signs amended agreement with Kentucky Power, an American Electric Power AEP.O company, increasing contracted power capacity at its Muskie Data Campus in eastern Kentucky to 1 gigawatt from 500 megawatts
** The agreement brings forward the planned delivery of the campus's second 500 MW phase to 2029 from 2030, subject to Kentucky Public Service Commission approval and Kentucky Power's construction schedule
** Deal 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
** Up to last close, stock had risen 34.8% YTD
(Reporting by Harshita Mary Varghese in Bengaluru)
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TeraWulf doubles power capacity at Kentucky data center campus; shares rise
Brief: Kentucky Power, Terawulf Finalize Expanded Agreement Providing For $100 Million In Customer Benefits