Bitcoin

<ul class="wp-block-list"> 
 <li>The company said that the monetary value will help in the expansion of HPC/AI and Bitcoin mining at their Lake Marnier facility</li> 
 <li>The Strategic Rationale for this transaction focuses on strong financial returns for about 3.4x in future.&nbsp;</li> 
 <li>WULF has plans to monetize &gt;80% of the Nautilus miners.</li> 
</ul> 
TeraWulf, an infrastructure-oriented bitcoin mining firm has announced to sell its 25% equity interest to Talen Energy. The sale is offered for $92 million, which the company aims to use for AI and Bitcoin mining.&nbsp; 
On October 3, TeraWulf took to its official X ( Twitter) handle to announce that, “The transaction to the Nautilus cryptomine joint venture targets to have 3.4x return in future. Out of $92 million, $85 million is in cash, and the remaining $7 million fund from 30k miners and related equipment”.&nbsp; 
The company further added that this monetary value will help in the <a href="https://news.todayq.com/swift-to-conduct-digital-assets-trial-next-year/" target="_blank" rel="noreferrer noopener">expansion </a>of HPC/AI and bitcoin mining at their Lake Marnier facility and stabilize them for substantial value creation.&nbsp; 
The Strategic Rationale for this transaction focuses on strong financial returns, reduced risk exposure, enhanced miner fleet and opex efficiency, increased liquidity for growth, and clearer financial reporting.&nbsp; What did the CSO say? 
The chief strategy officer at eraWulf commented that “$Wulf completed the sale of our 25% interest in Nautilus for a sizable return. The capital will support our expansion into HPC/AI and #BTC mining at Lake Marnier.” She also mentioned that more updates are yet to come.&nbsp; 
In the detailed presentation presented by TeraWulf, the firm states that WULF has plans to monetize &gt;80% of the Nautilus miners and all remaining S19 generation miners from its fleet. The Fleet will also be updated with new S21 Pro miners proposed for delivery as well as installation in November 2024.&nbsp;&nbsp; 
In the first quarter of the next year, the company will also get an extra 14.4k S21 Pros to use MB-5 at Lake Marnier to its fullest. The distributive share of the company of annual opex for its 50 MW of mining at Nautilus is almost equal to the annual open to operate 200 MW of mining at Lake Marnier.&nbsp; A deep dive into the TeraWulf 
TeraWulf Inc., an energy infra firm has its specialization in creating, building as well as operating completely unified, sustainable facilities backing Bitcoin (BTC) and AI/HPC applications. The firm has its functions over a flexible infrastructure model, exploiting its main proficiency in energy management. It helps the firm to hype up operational efficiency and at the same time, it can reduce environmental crashes.&nbsp; 
Taking the data from Google Finance, the share price of TeraWulf Inc. is 8% up and stands at $4.71 at the press time. The previous day’s close was $4.36 and the day range is $4.30-$4.72. Talking about the year range, it stands at $0.89-$6.50.&nbsp; 
Compiling all this data, the market capitalization of the same stands at 1.80B USD.&nbsp;&nbsp;

TeraWulf sold its 25% stake for $92M for AI and Bitcoin mining

Todayq News

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