Pennsylvania: Talen Energy looks to sell nuclear powered facility in Pennsylvania
Aug 18, 2024 | Posted by Abdul-Rahman Oladimeji
Independent power firm Talen Energy is looking to pivot away from crypto mining operations to supply power to data center developers instead and has confirmed its plans to sell its stake in the Bitcoin mining center located at its Pennsylvania nuclear power plant.
The company first announced its intent to move into the data center world in 2021, with plans to develop a cryptomine data center and hyperscale facility at its Susquehanna Steam Electric Station in Salem Township, Luzerne County. The crypto side of the business was to be known as Cumulus Coin. Mark McFarland, CEO at Talen, this month said of the crypto business: “It’s not a strategic asset for us and we are looking at what other alternatives with respect to coin.”
Cryptocurrency firm TeraWulf partnered with Talen on the cryptomining project. The crypo firm has previously said it exercised its option to increase its energy resources at the Nautilus cryptomine data center by an additional 50MW (due to come online in 2025), bringing TeraWulf’s Bitcoin mining capacity at the Pennsylvania site to 100MW. Reuters reports Terawulf owns a 25 percent stake in the venture.
