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

[ad_1]

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.

This story was seen first on BeInCrypto Join our Telegram Group and get trading signals, a free trading course and more stories like this on BeInCrypto

[ad_2]

Leave a Reply

Your email address will not be published.