Project development investment estimate
Company: TeraWulf - Project: Justified Data
The claim, verbatim
TeraWulf estimates that developing the Justified Data Campus site and initial data halls will cost between $4.0 billion and $4.5 billion
Source (primary)
Kentucky Clears 482 MW AI Power Deal for TeraWulf’s Anthropic Campus - TheEnergyMag (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “TeraWulf estimates that developing the site and its initial data halls will require between $4 billion and $4.5 billion, based on expected costs of $10 million to $12 million per megawatt of critical IT load.”
How we checked this
Checked on September 18, 2026. The cited source supports every part of this claim.
The article reports this estimate directly and attributes it to TeraWulf.
Confirmed in the source:
- TeraWulf estimates that developing the site and its initial data halls will cost between $4 billion and $4.5 billion
What we did: Read our cached copy of the publisher (https://theminermag.com/news/market-news/kentucky-482-mw-power-deal-terawulf-ai-data-center) in full (5,325 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Kentucky Clears 482 MW AI Power Deal for TeraWulf’s Anthropic Campus - TheEnergyMag
Quote: “TeraWulf estimates that developing the site and its initial data halls will require between $4 billion and $4.5 billion, based on expected costs of $10 million to $12 million per megawatt of critical IT load.”