HOPKINSVILLE, KY – DarkHorse Technologies Inc. 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). 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 Sept. 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.

“This agreement is another important step in executing DarkHorse’s growth strategy,” said 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. We’re funding a substation that strengthens power for every customer on the system, not just our site.

“We are rapidly expanding our power portfolio while advancing the conversion of our existing sites to AI and HPC workloads. 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 said, “Acquiring our first TVA 161kV delivery point will significantly improve HES grid stability and system reliability. This would not have been possible without our partnership with DarkHorse. The construction of a new 65MW substation, fully funded by DarkHorse, will provide up to 15MW of additional capacity for existing HES customers.”

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Agreement Details

The new 65 MW station plans to tap TVA’s 161 kV transmission system, the regional backbone, which carries large loads with less voltage sag and keeps a 50 MW load off the lines that serve the rest of town. DarkHorse intends to take 50 MW of the station’s capacity; the remaining approximately 15 MW will provide additional capacity to HES’s existing service territory. HES will design, build, own and operate it.

The substation is expected to be funded in full by DarkHorse. DarkHorse is obligated to pay the entire cost of construction in advance and convey the substation site to HES.

The power contract has a ten-year initial term from the commencement of service with automatic five-year renewals.

Darkhorse has an eighteen-month permit contingency period to pursue local approvals. Service remains subject to permitting, utility construction and other customary conditions. TVA has approved the capacity to serve the project.

DarkHorse has operated in Hopkinsville for approximately three years at a site contracted for approximately 15 MW at HES’s Holland Substation, also being evaluated for conversion to a superintelligence factory (the existing site will continue to be served by HES’s Holland Substation); with the new site, its Hopkinsville footprint reaches approximately 65 MW across two locations.

Its commitments stand: closed-loop cooling only, batteries first, and no tax abatements. With this announcement, DarkHorse plans to launch www.hoptowndatacenters.com, where residents can ask questions, see both sites and early design concepts, and read answers to questions from public meetings.

For more information, visit www.darkhorse.inc.

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