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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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.