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Talen Energy Raises $175 Million to Build Data Centers and Crypto Mines

Amy Liu

Summary: Talen Energy Corporation and its wholly-owned subsidiary Cumulus Growth announced today that they have taken additional steps forward in capitalizing and executing Talen's strategic transformation to a renewable energy and digital infrastructure growth platform. Cumulus Growth, through its wholly-owned subsidiary Cumulus Digital, has secured a 6-year, up to $175 million strategic capital partnership with Orion ...

Talen Energy Corporation and its wholly-owned subsidiary Cumulus Growth announced today that they have taken additional steps forward in capitalizing and executing Talen's strategic transformation to a renewable energy and digital infrastructure growth platform. Cumulus Growth, through its wholly-owned subsidiary Cumulus Digital, has secured a 6-year, up to $175 million strategic capital partnership with Orion Energy Partners. 

The Investment from Orion will be used to fund common infrastructure for the Cumulus hyperscale data center campus located adjacent to Talen's 2.5 Gigawatt Susquehanna carbon-free nuclear plant, as well as to fund Talen's previously-announced bitcoin mining joint venture with TeraWulf, known as Nautilus Cryptomine. 

By Amy Liu

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