DarkHorse Signs New 50 MW Power Contract, Doubling Contracted Capacity to Approximately 100 MW in the TVA Region
Key Highlights
- ➤50 MW power contract doubles DarkHorse’s TVA-region contracted capacity to approximately 100 MW
- ➤65 MW substation fully funded by DarkHorse will provide HES customers approximately 15 MW capacity
- ➤Ten-year power contract includes automatic five-year renewals after service commencement
- ➤Hopkinsville footprint reaches approximately 65 MW across two locations
- ➤DarkHorse must fund the uncapped substation construction cost in advance
Expert Statements
Joel Block, Chief Executive Officer of DarkHorse
“This agreement is another important step in executing DarkHorse's growth strategy”
Joel Block, Chief Executive Officer of DarkHorse
“We greatly appreciate HES giving us the opportunity to expand our business in their community, and we wanted to do it in a way that leaves the entire community better off.”
Joel Block, Chief Executive Officer of DarkHorse
“We're funding a substation that strengthens power for every customer on the system, not just our site.”
Joel Block, Chief Executive Officer of DarkHorse
“We are rapidly expanding our power portfolio while advancing the conversion of our existing sites to AI and HPC workloads.”
Joel Block, Chief Executive Officer of DarkHorse
“With approximately 100 MW now under contract in the TVA region and a growing pipeline of additional opportunities, we believe we are building a scalable platform positioned to support the next generation of compute infrastructure.”
Jeff Hurd, P.E., General Manager of Hopkinsville Electric System
“Acquiring our first TVA 161kV delivery point will significantly improve HES grid stability and system reliability.”
Jeff Hurd, P.E., General Manager of Hopkinsville Electric System
“This would not have been possible without our partnership with DarkHorse.”
Jeff Hurd, P.E., General Manager of Hopkinsville Electric System
“The construction of a new 65MW substation, fully funded by DarkHorse, will provide up to 15MW of additional capacity for existing HES customers.”
New superintelligence factory planned in Hopkinsville, Kentucky; DarkHorse-funded 65 MW substation on TVA's 161 kV system will be owned by HES and strengthen service for Hopkinsville residents
Wilmington, Delaware--(Newsfile Corp. - October 6, 2026) - DarkHorse Technologies Inc. (Nasdaq: DRK) ("DarkHorse" or the "Company") today announced that its wholly owned subsidiary, Pennyrile Holdings, LLC, has signed a power contract with the Electric Plant Board of Hopkinsville, Kentucky ("Hopkinsville Electric System" or "HES"). The agreement provides for up to 50 MW of power for a new superintelligence factory in Hopkinsville, Kentucky, doubling DarkHorse's contracted power in the TVA region to approximately 100 MW. The agreement follows the September 8, 2026 strategic review that resulted in the TVA region becoming the focus of DarkHorse's superintelligence factory development; the new Hopkinsville facility is the first project advanced under that approach.
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