secwatch.observer — SEC 8-K summary
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Issuer:     TERAWULF INC. (WULF)
CIK:        0001083301
Form:       8-K
Filed at:   2026-10-05T12:21:35+00:00
Accession:  0001628280-26-064757
Event type: other_material
Sentiment:  positive
Materiality: 0.62
Item codes: 8.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

TeraWulf doubles Muskie campus contracted power to 1 GW; second 500 MW phase moved up to 2029
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- DB Long Hunts Data LLC signed amended & restated transmission/energy agreements with Kentucky Power (AEP), lifting Muskie Data Campus contracted capacity from 500 MW to 1 GW.
- Second 500 MW phase delivery advanced from 2030 to 2029, subject to Kentucky Public Service Commission approval; first 500 MW phase still targeted to ramp in 2028.
- TeraWulf acquired Muskie in May 2026 for phased AI/HPC development and is evaluating the site for up to 2 GW over time; Kentucky Power is building a 765-kV/345-kV substation to serve it.
- Financing strategy: intends to upsize its existing senior secured revolving credit facility and raise additional senior secured debt to support letter of credit needs.
- Development proceeds under Gov. Beshear's Executive Order on Data Center Development (2026-494); Kentucky PSC in August approved the separate Justified Data Campus power agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1083301/000162828026064757/0001628280-26-064757-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1083301/000162828026064757/wulf-20261001.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-064757

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