Nautilus 25% equity ownership with Talen holding 75%
Company: TeraWulf - Project: Nautilus
The claim, verbatim
TeraWulf holds 25% equity interest in Nautilus Cryptomine LLC joint venture with Talen holding 75%, subject to adjustment based on capital contributions
Source (primary)
TeraWulf 10-K filed 2024-03-20 (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% split with Talen, subject to adjustment by capital contributions.
Confirmed in the source:
- TeraWulf holds a 25% equity interest in Nautilus
- Talen holds a 75% equity interest in Nautilus
- The interests are subject to adjustment based on relative capital contributions
- Nautilus is a joint venture with Talen
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: “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.”