Talen Energy completed the acquisition of the remaining 25% stake in Nautilus Cryptomine from TeraWulf for $85m.

Talen Energy, an independent power producer, completed the acquisition of the remaining 25% stake in Nautilus Cryptomine, a 200-megawatt bitcoin mining facility, from TeraWulf, an infrastructure-focused bitcoin mining company, for $85m. “We are pleased to complete this strategic transaction. 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,” Cole Muller, Talen Executive Vice President, Strategic Ventures.