TeraWulf 25% equity interest in Nautilus Cryptomine LLC
Company: TeraWulf - Project: Nautilus
The claim, verbatim
TeraWulf Member will hold a 25% equity interest in Nautilus Cryptomine LLC, with Cumulus Member holding 75%, subject to adjustment based on relative capital contributions
Source (primary)
TeraWulf 8-K filed 2023-03-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “TeraWulf Member will hold a 25% equity interest in Nautilus and Cumulus Member will hold a 75% equity interest in Nautilus, each subject to adjustment based on relative capital contributions”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The document states verbatim the 25%/75% split subject to adjustment based on relative capital contributions.
Confirmed in the source:
- TeraWulf Member will hold a 25% equity interest in Nautilus
- Cumulus Member will hold a 75% equity interest in Nautilus
- The interests are subject to adjustment based on relative capital contributions
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000155837023004594/wulf-20230323x8k.htm) in full (7,977 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2023-03-24
Quote: “TeraWulf Member will hold a 25% equity interest in Nautilus and Cumulus Member will hold a 75% equity interest in Nautilus, each subject to adjustment based on relative capital contributions”