October 4, 2024 – Terawulf, a prominent Bitcoin mining company, has announced the sale of its 25% stake in the nuclear-powered Nautilus Bitcoin mine located in Pennsylvania. The stake was sold to joint venture partner Talen Energy for $92 million.
With the proceeds from this sale, Terawulf plans to pivot its focus towards high-tech investments, specifically in high-performance computing (HPC) and artificial intelligence (AI) data centers. The company anticipates that these new facilities will become operational by the first quarter of 2025.
This strategic move highlights Terawulf’s commitment to diversifying its portfolio and leveraging its expertise in the rapidly evolving tech landscape, aligning with the growing demand for advanced computing solutions in various sectors.
