TeraWulf Offloads Nautilus Cryptomine Stake for $92 Million

In a strategic move, TeraWulf has announced the sale of its 25% stake in Nautilus Cryptomine for a cool $92 million. The company plans to use the funds to acquire more cost-effective Bitcoin miners and expand its burgeoning artificial intelligence (AI) and high-performance computing (HPC) operations. This strategic shift signals TeraWulf’s commitment to optimizing its mining portfolio while diversifying its revenue streams into the promising realms of AI and HPC.