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Stock impact report

TeraWulf Reaffirms Business as Usual at the Nautilus Facility Amid Talen's Sale of Data Center Campus [Yahoo! Finance]

TeraWulf Inc. (WULF) 
Company Research Source: Yahoo! Finance
EASTON, Md., March 04, 2024 (GLOBE NEWSWIRE) -- TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), owners and operators of vertically integrated, domestic bitcoin mining facilities powered by more than 95% zero-carbon energy, today issued the following statement regarding Talen's sale of the Cumulus data center campus and disclosed the exercise of its option to increase its energy resources by an additional 50 MW at the Nautilus facility, bringing TeraWulf's bitcoin mining capacity at the Pennsylvania site to 100 MW. “I extend congratulations to our valued partner, Talen, on the sale of the Cumulus data center campus to Amazon Web Services,” said Paul Prager, Chief Executive Officer of TeraWulf. “This sale underscores the considerable value of scalable infrastructure with access to low-cost, sustainable power adaptable for high-performance computing or AI.” “Talen's recent announcement also highlights the significant value inherent within our wholly-owned Lake Mariner fa Show less Read more
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