TeraWulf-Talen Nautilus joint venture restructuring
Company: TeraWulf - Project: Nautilus
The claim, verbatim
TeraWulf stake reduced to 25% in Nautilus with 50 MW power utilization at 2.0 cents/kWh for five years
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “In August 2022, the Company and Talen amended their joint venture agreement thereby reducing TeraWulf's stake in the facility to 25% and right-sizing TeraWulf's miners and infrastructure to enable maximum utilization of 50 MW of power at approximately 2.0 cents/kWh for five years”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms TeraWulf 10-K filed 2023-03-31
Quote: “In August 2022, the Company and Talen amended their joint venture agreement thereby reducing TeraWulf's stake in the facility to 25% and right-sizing TeraWulf's miners and infrastructure to enable maximum utilization of 50 MW of power at approximately 2.0 cents/kWh for five years”