Nautilus nuclear power at fixed 2.0 cents per kWh for 5 years with renewal options
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Nautilus powered by 100% nuclear energy at fixed rate of 2.0 cents per kilowatt-hour for five-year term with two successive three-year renewal options
Source (primary)
TeraWulf 10-K filed 2024-03-20 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “which is contracted at a fixed rate of 2.0 cents per kilowatt-hour for a term of five years with two successive three-year renewal options.”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document confirms the 100% nuclear power, 2.0 cents/kWh fixed rate, and the five-year term with two three-year renewals.
Confirmed in the source:
- Nautilus is powered by 100% zero-carbon nuclear energy
- The power is contracted at a fixed rate of 2.0 cents per kilowatt-hour
- The term is five years with two successive three-year renewal options
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: “which is contracted at a fixed rate of 2.0 cents per kilowatt-hour for a term of five years with two successive three-year renewal options.”