TeraWulf Inc. (NASDAQ:WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, next-generation digital infrastructure, today announced the acquisition of a hyperscale high-performance computing ("HPC") development site strategically located in Eastern Kentucky (the "Muskie Data Campus").

The acquisition meaningfully expands TeraWulf's portfolio of large-scale, energy-advantaged digital infrastructure campuses and advances the Company's strategy of developing shovel-ready AI and HPC sites with long-term power availability, robust transmission infrastructure, and strong community alignment.

The Muskie Data Campus, acquired from Industrial Equity Partners ("IEP"), is expected to support more than 1 gigawatt ("GW") of data center capacity over time. Delivery of the initial 500 megawatts ("MW") is expected to ramp beginning in the second half of 2028, with an additional 500 MW targeted for delivery in the second half of 2030.