TeraWulf Inc ( (WULF) ) just unveiled an announcement.

TeraWulf Inc. has successfully sold its 25% stake in the Nautilus Cryptomine joint venture to Talen Energy Corporation for approximately $92 million, boasting a 3.4x return on investment. This strategic move allows TeraWulf to focus on expanding its high-performance computing and Bitcoin mining operations at its Lake Mariner facility, with plans to enhance mining fleet efficiency and operational capacity. TeraWulf’s reinvestment from this sale will support the construction of new facilities and the upgrade of mining equipment, positioning the company for increased profitability and shareholder value.

See more insights into WULF stock on TipRanks’ Stock Analysis page.