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
Checked on September 21, 2026. The cited source supports every part of this claim.
The document establishes the joint venture with a Talen subsidiary and the 25%/75% equity split.
Confirmed in the source:
- Nautilus Cryptomine LLC is a joint venture between TeraWulf and a subsidiary of Talen Energy Corporation
- TeraWulf holds a 25% equity interest in Nautilus
- Talen holds a 75% equity interest in Nautilus
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000072/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: “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.”