Nautilus mining capacity full deployment by Q2 2023
Company: TeraWulf - Project: Nautilus
What the later record shows
Delivered on time · happened April 30, 2023
TeraWulf reported reaching full energization of its 50 MW Nautilus allotment in April 2023, inside the Q2 2023 target. About 15,800 TeraWulf-attributed miners were later deployed there.
“in April 2023, achieved full energization of the Company’s allotted infrastructure capacity of 50 MW.”
2024-05-12 · TeraWulf 10-Q filed 2024-05-13 View cached copy (2026-09-13)Live source ↗
“Approximately 15,800 of the deployed miners were attributed to TeraWulf’s contributions to Nautilus in order to utilize TeraWulf's allotted 50 MW of bitcoin mining capacity.”
2024-11-11 · TeraWulf 10-Q filed 2024-11-12 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf expects to reach its full 50 MW capacity at Nautilus Cryptomine Facility, representing approximately 16,000 miners, in Q2 2023.
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “TeraWulf expects to reach its full 50 MW capacity at the facility, representing approximately 16,000 miners, in the second quarter of 2023.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The Nautilus section of the 10-K states this expectation in these terms.
Confirmed in the source:
- TeraWulf expects to reach its full 50 MW capacity at the Nautilus Cryptomine Facility
- The 50 MW represents approximately 16,000 miners
- The target timing is the second quarter of 2023
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000155837023005301/wulf-20221231x10k.htm) in full (569,235 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2023-03-31
Quote: “TeraWulf expects to reach its full 50 MW capacity at the facility, representing approximately 16,000 miners, in the second quarter of 2023.”
confirms TeraWulf 10-Q filed 2024-11-12
Quote: “Approximately 15,800 of the deployed miners were attributed to TeraWulf’s contributions to Nautilus in order to utilize TeraWulf's allotted 50 MW of bitcoin mining capacity.”
confirms TeraWulf 10-Q filed 2024-05-13
Quote: “in April 2023, achieved full energization of the Company’s allotted infrastructure capacity of 50 MW.”