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Cartis diligence evidence schedule

TeraWulf Muskie Data Campus

PRJ-0695 · Site · Grayson, Kentucky, United States

Record last updated Oct 28, 2026

Scope and capacity

On October 5, 2026, TeraWulf announced an amended electricity service agreement increasing contracted utility power for Muskie from 500 MW to 1 GW. The first 500 MW remains targeted for 2028 and the second 500 MW for 2029, subject to regulatory approval and construction; these are not energized IT capacity. TeraWulf acquired Muskie Data as a large AI and HPC development campus in Eastern Kentucky. Its current platform presentation identifies approximately 800 MW of planned critical IT capacity, while the electric-service framework supports up to 1 GW gross. TeraWulf, Kentucky Power is associated with the development in Grayson, Grayson area, KY, US. The disclosed development scope includes approximately 800 MW planned critical IT; up to 1 GW utility service; phased delivery targeted from 2028. Power and physical infrastructure include planned 345 kV substation tied to the regional 765 kV transmission network. TeraWulf identifies about 800 MW of planned critical IT capacity at Muskie.

Headline: 800 MW Planned critical IT

Numbers refer to their stated physical boundaries and are not added together. Source dates, claim dates and record updates have different meanings. Missing dates and locators are not inferred.

Location context · Muskie Data Campus | Grayson | Eastern Kentucky

Actual · TeraWulf Muskie Data Campus (Project)

Claim 57920 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

Lifecycle status · Preconstruction

Actual · TeraWulf Muskie Data Campus (Project)

Claim 57921 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

Reported capacity · 800 MW

Design · TeraWulf Muskie Data Campus (Project)

Claim 57922 · Recorded claim type: Design · Review: Approved · Claim date: Not stated

Headline treatment: Separate claim, not added to the headline

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

Capacity basis · TeraWulf identifies about 800 MW of planned critical IT capacity at Muskie.

Actual · TeraWulf Muskie Data Campus (Project)

Claim 57923 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

Location context · Muskie Data Campus | Grayson | Eastern Kentucky

Actual · TeraWulf Muskie Data Campus (Project)

Claim 111327 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

Lifecycle status · Preconstruction

Actual · TeraWulf Muskie Data Campus (Project)

Claim 111328 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

Reported capacity · 800 MW

Design · TeraWulf Muskie Data Campus (Project)

Claim 111329 · Recorded claim type: Design · Review: Approved · Claim date: Not stated

Headline treatment: Selected headline

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

Capacity basis · TeraWulf identifies about 800 MW of planned critical IT capacity at Muskie.

Actual · TeraWulf Muskie Data Campus (Project)

Claim 111330 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

Development scale · Approximately 800 MW planned critical IT

Actual · TeraWulf Muskie Data Campus (Project)

Claim 111347 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

  2. TeraWulf quarter ended June 2026 Form 10-Q

    TeraWulf · Document date: Aug 5, 2026 · Corroborating

    Source reference: SRC-6231 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm

Development milestone · Up to 1 GW utility service

Actual · TeraWulf Muskie Data Campus (Project)

Claim 111348 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

  2. TeraWulf quarter ended June 2026 Form 10-Q

    TeraWulf · Document date: Aug 5, 2026 · Corroborating

    Source reference: SRC-6231 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm

Power arrangement · Phased delivery targeted from 2028.

Actual · TeraWulf Muskie Data Campus (Project)

Claim 111349 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

  2. TeraWulf quarter ended June 2026 Form 10-Q

    TeraWulf · Document date: Aug 5, 2026 · Corroborating

    Source reference: SRC-6231 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm

Site configuration · Muskie Data Campus | Grayson | Eastern Kentucky

Actual · TeraWulf Muskie Data Campus (Project)

Claim 111350 · Recorded claim type: Actual · Review: Approved · Claim date: Not stated

  1. TeraWulf Q2 2026 investor presentation

    TeraWulf · Document date: Aug 5, 2026 · Primary

    Source reference: SRC-3156 · Fact sheet · Recorded authority: Party primary

    Source URL

    https://investors.terawulf.com/sec-filings/all-sec-filings/content/0001083301-26-000162/terawulfq22026investorpr.htm

  2. TeraWulf quarter ended June 2026 Form 10-Q

    TeraWulf · Document date: Aug 5, 2026 · Corroborating

    Source reference: SRC-6231 · Regulatory record · Recorded authority: Official primary

    Source URL

    https://www.sec.gov/Archives/edgar/data/1083301/000108330126000166/wulf-20260630.htm

Counterparties and capital

Kentucky Power · Utility provider · CMP-1437

TeraWulf · Developer · CMP-1389

This schedule captures public Cartis research. It is not a title, lien or legal-opinion report. Document page/section locators and claim review timestamps are included only when published; this version has no separate locator or claim-review-time feed.