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January 24, 2026
Kirkland Represents Talen Energy on Acquisition of TeraWulf’s Minority Share in Nuclear-Powered Nautilus Cryptomine
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- Kirkland & Ellis represented Talen Energy Corp
- in its acquisition of TeraWulf Inc.’s equity interest in Nautilus Cryptomine, a 200-megawatt nuclear-powered bitcoin mining facility located in Berwick, Pennsylvania
- Following the transaction, Talen Energy now holds full ownership of Nautilus
- The legal team from Kirkland & Ellis included corporate, technology and IP transactions, and tax lawyers who advised on the deal.
Kirkland & Ellis advised Talen Energy Corp., an independent power producer, on its acquisition of TeraWulf Inc.’s equity interest in Nautilus Cryptomine, a 200-MW nuclear-powered bitcoin mining facility in Berwick, Pennsylvania. As a result of the transaction, Talen now owns 100% of Nautilus. Read Talen Energy’s press release The Kirkland team included corporate lawyers Josh Teahen, Bill Benitez and Jacob Volz; technology & IP transactions lawyers Jeff Norman and Scottie Shermetaro; and tax lawyer Mark Dundon.
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