Nautilus fixed-rate power contract
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Nautilus Cryptomine Facility contracted 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 states all terms of the contract.
Confirmed in the source:
- Nautilus 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.”