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Terawulf Sells Stake In Bitcoin Mining Facility For $92 Million
According to BlockBeats, on October 4, Bitcoin mining company Terawulf sold its 25% stake in the nuclear-powered Nautilus Bitcoin mining facility in Pennsylvania to its joint venture partner, Talen Energy, for $92 million. The company plans to reinvest the proceeds into high-performance computing (HPC) and artificial intelligence data centers. The new data center is expected to be operational by the first quarter of 2025.