Nautilus joint venture equity interest with Talen Energy
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Company holds 25% equity interest in Nautilus joint venture with Talen Energy Corporation holding 75%
Source (primary)
TeraWulf S-3/A filed 2024-03-22 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Under the Nautilus joint venture agreement, the Company holds a 25% equity interest in Nautilus and Talen holds a 75% equity interest, each subject to adjustment based on relative capital contributions.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document confirms the 25%/75% equity split between TeraWulf and Talen in the Nautilus joint venture.
Confirmed in the source:
- The Company holds a 25% equity interest in Nautilus
- Talen Energy Corporation holds a 75% equity interest in Nautilus
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000079/terawulfincs-3a4tobefiled.htm) in full (100,343 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf S-3/A filed 2024-03-22
Quote: “Under the Nautilus joint venture agreement, the Company holds a 25% equity interest in Nautilus and Talen holds a 75% equity interest, each subject to adjustment based on relative capital contributions.”