Amazon Web Services has acquired Talen Energy’s 960MW Cumulusdata center campus at a nuclear power station in Pennsylvania. According to the investor presentation, Talen sold the site and assets of Cumulus Data for $650 million. The deal comprises $350 million at close and $300m escrowed, released upon development milestones anticipated in 2024.
"We are pleased today to have sold our Cumulus data center campus, unlocking significant value for Talen," said Talen president and CEO Mac McFarland. "This transaction provides an attractive return on Talen's investment and vision in building Cumulus, and creates value through the sale of clean carbon-free power from our top-decile Susquehanna nuclear plant."
“I extend congratulations to our valued partner, Talen, on the sale of the Cumulus data center campus to Amazon Web Services,” said Paul Prager, TeraWulf CEO. “This sale underscores the considerable value of scalable infrastructure with access to low-cost, sustainable power adaptable for high-performance computing or AI.”
