Nautilus joint venture with Talen Energy
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Nautilus Cryptomine LLC is joint venture between TeraWulf and Talen Energy subsidiary, with TeraWulf holding 25% equity interest and Talen holding 75%
Source (primary)
TeraWulf 10-K filed 2024-03-20 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Nautilus Cryptomine LLC ("Nautilus") is a joint venture between TeraWulf and a subsidiary of Talen Energy Corporation ("Talen"). ... 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
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Additional evidence
confirms TeraWulf 10-K filed 2024-03-20
Quote: “Nautilus Cryptomine LLC ("Nautilus") is a joint venture between TeraWulf and a subsidiary of Talen Energy Corporation ("Talen"). ... 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.”