Summary:
- TeraWulf, a Bitcoin mining company, has sold its stake in the Nautilus Cryptomine facility to its joint venture partner, Antony Michel, for $92 million.
- The sale is part of TeraWulf's strategy to focus on its own mining operations and reduce its capital expenditures.
- The proceeds from the sale will be used by TeraWulf to fund its ongoing operations and expansion plans, including the development of its own mining facilities.