Kentucky to Host $14 Billion Data Center in Hancock County
TeraWulf plans a $14 billion investment for a new data center in Hancock County, generating significant tax revenue and creating jobs. However, community concerns about environmental impact and utility strain have sparked a petition for a project pause.
Theia Market Signal Identification - AI AssistedTeraWulf is set to invest $14 billion in a new data center in Hancock County, Kentucky, with construction expected to start this year and the facility operational by late 2027. This project will include $4 billion for site development and over $10 billion from a future tenant for hardware.
While the data center will create 80-100 permanent jobs, it raises concerns about electricity competition with traditional manufacturing, as data centers demand substantial power. Local officials are divided, with a petition against the project gaining over 1,100 signatures due to worries about infrastructure and environmental impacts. The project is projected to generate $14.5 million in state sales tax and $7 million for local schools annually, but the overall benefits remain unclear.
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