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TeraWulf Divests 25% Stake in Nautilus Cryptomine for $92 Million

TeraWulf Divests 25% Stake in Nautilus Cryptomine for $92 Million

TeraWulf announced its decision to sell a 25% stake in Nautilus Cryptomine, securing $92 million from the transaction. The company plans to utilize the proceeds to acquire more cost-effective Bitcoin miners and to expand its offerings in artificial intelligence and high-performance computing.