Talen Energy offers up nuclear-powered crypto mining campus stake, sources say

FILE PHOTO: Cryptocurrency miners are seen in a liquid immersion cooling mining tank at the TMG Core stand during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/File Photo

NEW YORK (Reuters) - Talen Energy is looking to sell its stake in a cryptocurrency mining operation powered by its Pennsylvania nuclear plant in a process marketed to both data center developers and cryptominers, three sources familiar with the process said.

The Nautilus facility is the first digital coin mining operation directly supplied with on-site nuclear energy, which recently became a premium power source as the world's largest companies race to expand their artificial intelligence and cloud computing businesses.