Talen Energy Corp. (TLN), Thursday announced the acquisition of TeraWulf Inc.'s 25 percent stake in Nautilus Cryptomine for a total consideration of $85 million cash along with select physical assets used in the bitcoin mining operation.
Following the transaction, Talen now fully owns the 200-megawatt bitcoin mining facility in Berwick.
Cole Muller, Executive Vice President -Strategic Ventures, said, "The transaction allows Talen the ability to reset a legacy below-market power purchase agreement and provides us with increased flexibility as we explore strategic alternatives in order to maximize the value per megawatt for our Susquehanna nuclear generation facility."
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.