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TheNewsCrypto

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Talen Energy Acquires TeraWulf’s Minority Stake in Bitcoin Mining Operation

  • TeraWulf has sold its 25% stake in the Nautilus Bitcoin mine to Talen Energy for $92 million.
  • TeraWulf plans to invest in high-performance computing (HPC) and artificial intelligence (AI) data centers.
  • The sale includes cash, bitcoin miners, and equipment, resulting in a 3.4x return on TeraWulf's investment.
  • TeraWulf aims to enhance mining efficiency and achieve 18.2 J/TH, while completing the construction of mining building 5.

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