Kentucky Power Doubles Electric Demand Agreement with TeraWulf for $100M Benefit

Key Facts

1Kentucky Power finalized an amended agreement to double its contracted electric demand with TeraWulf Inc.

2The agreement is expected to deliver $100 million in long-term benefits to customers and communities in eastern Kentucky.

Kentucky Power finalized an amended agreement to double its contracted electric demand with TeraWulf Inc. PR Newswire reported that the agreement is expected to deliver $100 million in long-term benefits to customers and communities in eastern Kentucky. The expansion aims to scale TeraWulf's operations while providing substantial financial offsets for the local utility's ratepayer base.

WULF closed at $15.49 on October 2, 2026, having reached a day high of $16.24 and a low of $15.15 during that session. The partnership leverages increased energy demand to support infrastructure growth while ensuring that the economic benefits are directed toward reducing costs for existing utility customers.