Joint venture agreement with Talen affiliate for Nautilus Cryptomine Facility
Company: TeraWulf - Project: Nautilus
The claim, verbatim
On August 27, 2022, TeraWulf entered into an amended and restated joint venture agreement with an affiliate of Talen for the Nautilus Cryptomine Facility, with decisions made by majority vote of a board of managers comprising one manager appointed by TeraWulf and four appointed by Talen
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On August 27, 2022, TeraWulf entered into an amended and restated joint venture agreement with an affiliate of Talen, as amended... decisions are to be made by a majority vote of the board of managers. The board of managers is comprised of one manager appointed by TeraWulf and four managers appointed by Talen”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document establishes the date, the Talen affiliate counterparty, the majority-vote structure, and the board composition.
Confirmed in the source:
- On August 27, 2022, TeraWulf entered into an amended and restated joint venture agreement with an affiliate of Talen
- Decisions are made by majority vote of the board of managers except for certain matters
- The board comprises one manager appointed by TeraWulf and four appointed by Talen
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: “On August 27, 2022, TeraWulf entered into an amended and restated joint venture agreement with an affiliate of Talen, as amended... decisions are to be made by a majority vote of the board of managers. The board of managers is comprised of one manager appointed by TeraWulf and four managers appointed by Talen”