• 16 October, 2024
Bitcoin

TeraWulf Sells 25% Stake in Bitcoin Mining to Talen Energy

Bitcoin mining firm TeraWulf has sold its 25% stake in a 200 MW mining facility to its partner Talen Energy for $92 million. The proceeds will be used to purchase more cost-efficient miners and expand AI and high-performance computing (HPC) operations. TeraWulf plans to reinvest in a 20 MW facility in New York and complete its "MB-5" Bitcoin mining building, aiming to boost its hash rate to 13 exahashes by March 2025.

Read Previous

Swift to Start Live Bank Trials for Digital Assets in 2025

Read Next

IMF Urges El Salvador to Limit Bitcoin (BTC) Exposure