**Bitcoin Mining Firm TeraWulf Sells Stake for $92M, Eyes AI and BTC Expansion**

Bitcoin mining company TeraWulf has sold its share in a 200-megawatt mining facility to Talen Energy for $92 million. The deal includes $85 million in cash and 30,000 miners and equipment worth $7 million.

- **Investment Returns**: TeraWulf reports a 3.4x return on its investment in the Nautilus facility.

- **Future Plans**: The proceeds will fund a new 20-megawatt AI and HPC data center in New York and purchase more Bitcoin miners.

- **Operational Efficiency**: The move aims to reduce mining costs and boost profitability, while maintaining a commitment to zero-carbon energy.

- **Expansion Goals**: TeraWulf plans to complete its "MB-5" Bitcoin mining building, targeting a hash rate of 13 exahashes per second by March 2025.

- **Market Reaction**: TeraWulf's share price rose 8% to $4.71 following the announcement.

Talen Energy now fully owns the Nautilus mining site.