TeraWulf has acquired the Muskie Data Campus in eastern Kentucky, expanding its digital infrastructure by 36%. The site, purchased from Industrial Equity Partners, spans 285 acres and is projected to support over one gigawatt of power capacity. This strategic move marks TeraWulf's shift towards high-performance computing, as AI computing revenues surpassed Bitcoin mining in Q1 2026. The Muskie Data Campus will be powered by a new 345-kilovolt substation from Kentucky Power, with the first 500 megawatts operational by late 2028. TeraWulf's stock rose 9% to $24.78 following the announcement, reflecting investor confidence in the company's diversification strategy. Despite a net loss of $427 million in Q1 2026, high-power computing revenues reached $21 million, outpacing Bitcoin mining's $13 million.