Expected capital investment in initial data halls and site development
Company: TeraWulf - Project: Justified Data
The claim, verbatim
TeraWulf is expected to invest between 4 billion and 4.5 billion USD in the initial data halls and site development based on development costs of 10-12 million USD per MW
Source (primary)
Kentucky regulators approve 482 MW power deal for TeraWulf’s Justified Data Campus - W.Media (-, news_article)
View cached copy (2026-09-01)Live source ↗
Quote: “The PSC estimates that, based on current expected development costs of between US$ 10 million and US$ 12 million per MW of critical IT load, TeraWulf will invest between US$ 4 billion and US$ 4.5 billion in the initial data halls and site development.”
How we checked this
Checked on September 15, 2026. The cited source supports every part of this claim.
The article reports the Kentucky PSC's estimate of a US$4 billion to US$4.5 billion investment, based on US$10 million to US$12 million per MW of critical IT load.
Confirmed in the source:
- TeraWulf is expected to invest between US$4 billion and US$4.5 billion
- The investment covers the initial data halls and site development
- The estimate is based on development costs of US$10 million to US$12 million per MW of critical IT load
What we did: Read our cached copy of the publisher (https://w.media/kentucky-regulators-approve-482-mw-power-deal-for-terawulfs-justified-data-campus/) in full (7,954 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Kentucky regulators approve 482 MW power deal for TeraWulf’s Justified Data Campus - W.Media
Quote: “The PSC estimates that, based on current expected development costs of between US$ 10 million and US$ 12 million per MW of critical IT load, TeraWulf will invest between US$ 4 billion and US$ 4.5 billion in the initial data halls and site development.”