Talen Energy Scores $175M for Data & Crypto Mining Operations


BeInCrypto –

Power producer, Talen Energy Corp. received $175 million for expansion into renewable energy, data collection, and crypto mining. 

The otherwise financially troubled energy producer signed a six-year deal with Orion Energy Partners in a company revitalization effort. Talen Energy Corporation scored $175 million in the deal, with $125 million up front. The remainder of the funds will be dispersed as the company meets specified goals.

Talen, backed by Riverstone Holdings, has plans for a transformation into a renewable energy producer. In doing so, it will also open a data center and cryptocurrency mining operation. This comes as the entirety of the mining community seeks out more sustainable methods of functionality.

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