Nautilus capacity expansion option exercised
Company: TeraWulf - Project: Nautilus
The claim, verbatim
On February 28, 2024 Company exercised option to increase energy requirement at Nautilus by incremental 50 MW for total of 100 MW attributable to TeraWulf
Source (primary)
TeraWulf S-3/A filed 2024-03-08 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On February 28, 2024, the Company exercised its option to increase its energy requirement at the Nautilus Cryptomine Facility by an incremental 50 MW at its own cost (for a total of 100 MW of bitcoin mining capacity attributable to TeraWulf).”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states the date, incremental increase, and resulting 100 MW total.
Confirmed in the source:
- On February 28, 2024 TeraWulf exercised its option to increase its energy requirement at Nautilus by an incremental 50 MW
- The increase brings the total to 100 MW of bitcoin mining capacity attributable to TeraWulf
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000058/terawulfincs-3a3tobefiled.htm) in full (101,409 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf S-3/A filed 2024-03-08
Quote: “On February 28, 2024, the Company exercised its option to increase its energy requirement at the Nautilus Cryptomine Facility by an incremental 50 MW at its own cost (for a total of 100 MW of bitcoin mining capacity attributable to TeraWulf).”