TeraWulf has sold its stake in a 200-megawatt Bitcoin mining farm to partner Talen Energy for $92 million.
- The sale gave TeraWulf a 3.4x return on investment.
- The funds will be used to build a 20-megawatt AI and HPC center in New York City and purchase new miners.
- The deal includes $85 million in cash and $7 million in equipment.
- The goal: to improve profitability and reduce mining costs.
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