Talen Joint Venture for Nautilus Cryptomine Facility
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Amended and restated joint venture agreement with Talen affiliate entered August 27, 2022 for Nautilus Cryptomine Facility; board comprises 1 TeraWulf-appointed and 4 Talen-appointed managers with majority vote on most decisions
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. The joint venture agreement provides that, except for certain specified matters, 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
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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. The joint venture agreement provides that, except for certain specified matters, 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.”