Summary of TeraWulf sells its 25% stake in Nautilus Cryptomine for $92M
Summary of TeraWulf sells its 25% stake in Nautilus Cryptomine for $92M
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The source article:
TeraWulf has sold its stake in a 200 megawatt Bitcoin mining facility to Talen Energy for $92 million, which it will use to expand its AI and high-performance computing streams and buy cheaper Bitcoin miners. The company intends to reinvest much of the proceeds into the construction of a 20 megawatt facility for hosting AI and HPC data centers and upgrade its mining fleet at a discount to the current market price.
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The source article:
quoting nevent1q…xmu7TeraWulf sells its 25% stake in Nautilus Cryptomine for $92M
https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2024-10/01925521-0ceb-747d-bc0b-64a943f2186e
TeraWulf said it will use the proceeds to buy cheaper Bitcoin miners and expand its AI and high-performance computing streams.
https://cointelegraph.com/news/bitcoin-miner-terawulf-sells-stake-nautilus-cryptomine-92-million
TeraWulf has sold its stake in a 200 megawatt Bitcoin mining facility to Talen Energy for $92 million, which it will use to expand its AI and high-performance computing streams and buy cheaper Bitcoin miners. The company intends to reinvest much of the proceeds into the construction of a 20 megawatt facility for hosting AI and HPC data centers and upgrade its mining fleet at a discount to the current market price.