Bitcoin Miner TeraWulf Sells Stake in Nuclear Power Facility, Shifts Focus to AI Data Centers
Bitcoin Miner TeraWulf Sells Stake in Nuclear Power Facility, Shifts Focus to AI Data Centers
TeraWulf has completed the sale of a 25% stake in its Nautilus Cryptomine joint venture for approximately $92 million, a move aimed at funding the companyâs expansion into high-performance computing (HPC) and artificial intelligence (AI) data center hosting services.
The stake was purchased by a subsidiary of Talen Energy Corporation, resulting in a return of 3.4 times TeraWulfâs initial investment, the company reported Thursday.
The deal includes $85 million in cash and approximately 30,000 bitcoin miners, valued at $7 million, contributed by Talen. TeraWulf plans to reinvest these funds into its Lake Mariner, New York facility, which is designed for both bitcoin mining and HPC/I operations. đ„°đđBuy Here đ Follow Me $BNB $BTC $SOL
