Nautilus energy contract rate
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Energy at Nautilus contracted at fixed rate of 2.0 cents per kWh for 5-year term with two 3-year renewal options
Source (primary)
TeraWulf S-3/A filed 2023-12-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “contracted at a fixed rate of 2.0 cents per kilowatt hour ("kWh") 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 confirms the 2.0 cents/kWh fixed rate, five-year term, and two three-year renewal options.
Confirmed in the source:
- Energy at Nautilus is contracted at a fixed rate of 2.0 cents per kWh
- 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/1083301/000162828023040459/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: “contracted at a fixed rate of 2.0 cents per kilowatt hour ("kWh") for a term of five years with two successive three-year renewal options.”