Nautilus nuclear power supply contract with fixed rate
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Nautilus Cryptomine Facility receives nuclear power from Susquehanna Station at fixed cost of $0.02 per kilowatt-hour over five-year term with two successive three-year renewal options.
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “The Nautilus Cryptomine Facility receives nuclear power directly from a substation connected to the Susquehanna Station's electrical generators, which is contractually priced at a fixed cost of $0.02 per kilowatt-hour over a five-year term 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 the fixed price, term, and renewal options verbatim.
Confirmed in the source:
- Nautilus receives nuclear power from the Susquehanna Station at a fixed $0.02 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/1083301/000155837023005301/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: “The Nautilus Cryptomine Facility receives nuclear power directly from a substation connected to the Susquehanna Station's electrical generators, which is contractually priced at a fixed cost of $0.02 per kilowatt-hour over a five-year term with two successive three-year renewal options.”