Nautilus joint venture with Talen Energy
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Joint venture with Talen subsidiary for Nautilus mining facility; TeraWulf holds 25% equity interest
Source (primary)
TeraWulf S-3/A filed 2023-12-01 (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... Under the Nautilus joint venture agreement, the Company holds a 25% equity interest in Nautilus and Talen holds a 75% equity interest”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document confirms the Talen subsidiary joint venture and TeraWulf's 25% equity interest.
Confirmed in the source:
- Nautilus is a joint venture between TeraWulf and a subsidiary of Talen Energy Corporation
- TeraWulf holds a 25% equity interest in Nautilus
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000162828023040459/terawulfincs-3a.htm) in full (96,895 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf S-3/A filed 2023-12-01
Quote: “Nautilus Cryptomine LLC ("Nautilus") is a joint venture between TeraWulf and a subsidiary of Talen Energy Corporation... Under the Nautilus joint venture agreement, the Company holds a 25% equity interest in Nautilus and Talen holds a 75% equity interest”