Nautilus 50 MW expansion planned for 2025
Company: TeraWulf - Project: Nautilus
What the later record shows
Dropped · happened October 2, 2024
TeraWulf sold its entire Nautilus equity interest on October 2, 2024, before the planned 2025 expansion. The later 10-K says it divested its interest in 2024.
“TeraWulf plans to expand mining capacity at the Nautilus Cryptomine Facility by another 50 MW in 2025”
2024-08-12 · TeraWulf 10-Q filed 2024-08-13 View cached copy (2026-08-31)Live source ↗
“On October 2, 2024, the Company sold its entire 25% equity interest in Nautilus Cryptomine LLC”
2025-03-02 · TeraWulf 10-K filed 2025-03-03 View cached copy (2026-08-31)Live source ↗
“Prior to divesting its interest in 2024 in the Nautilus joint venture”
2026-02-27 · View 10-K PDF View cached copy (2026-09-01)Live source ↗Archive.org ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Plans to expand mining capacity at Nautilus Cryptomine Facility by 50 MW in 2025
Source (primary)
TeraWulf 10-K filed 2024-03-20 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “TeraWulf plans to expand mining capacity at the Nautilus Cryptomine Facility by another 50 MW in 2025”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K's strengths section states TeraWulf plans to expand Nautilus mining capacity by another 50 MW in 2025.
Confirmed in the source:
- TeraWulf plans to expand mining capacity at the Nautilus Cryptomine Facility by another 50 MW
- The planned Nautilus expansion is slated for 2025
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000072/wulf-20231231.htm) in full (437,251 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2024-03-20
Quote: “TeraWulf plans to expand mining capacity at the Nautilus Cryptomine Facility by another 50 MW in 2025”
abandons TeraWulf 10-Q filed 2024-08-13
Quote: “TeraWulf plans to expand mining capacity at the Nautilus Cryptomine Facility by another 50 MW in 2025”
abandons TeraWulf 10-K filed 2025-03-03
Quote: “On October 2, 2024, the Company sold its entire 25% equity interest in Nautilus Cryptomine LLC”
abandons View 10-K PDF
Quote: “Prior to divesting its interest in 2024 in the Nautilus joint venture”