Bullet points of TeraWulf sells its 25% stake in Nautilus Cryptomine for $92M

Bullet points of TeraWulf sells its 25% stake in Nautilus Cryptomine for $92M
- TeraWulf sold its stake in a 200 megawatt Bitcoin mining facility to Talen Energy for $92 million
- The company will use the proceeds to expand its AI and high-performance computing streams and buy cheaper Bitcoin miners
- TeraWulf intends to reinvest much of the proceeds into the construction of a 20 megawatt facility for hosting AI and HPC data centers
- The company will upgrade its mining fleet at a discount to the current market price