Talen Energy Acquires TeraWulf’s Minority Stake in Bitcoin Mining Operation

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TheNewsCrypto 17h ago

Talen Energy Acquires TeraWulf’s Minority Stake in Bitcoin Mining Operation - TheNewsCrypto

Quick Summary:

Bitcoin mining company TeraWulf reported its 25% stake sale in the nuclear-powered Nautilus Bitcoin mine in Pennsylvania to its joint venture partner Talen Energy for $92 million.

TeraWulf plans to invest further in high-performance computing (HPC) and artificial intelligence (AI) data centers. The transaction, which results in a 3.

Moreover, in August, the firm mined 147 BTC from the Lake Mariner site, 37 BTC from the Nautilus JV, and the demand response activities added 16 BTC.