Bitcoin distributions from Nautilus Cryptomine
Company: TeraWulf - Project: Nautilus
The claim, verbatim
Bitcoin distributions will be made every two weeks based on each Member's hash rate contributions after deducting power and operational costs
Source (primary)
TeraWulf 8-K filed 2023-03-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Bitcoin distributions will be made every two weeks in accordance with each Member's respective hash rate contributions after deducting each Member's share of power and operational costs”
How we checked this
Checked on September 21, 2026. The cited source supports every part of this claim.
The biweekly distribution mechanism and deductions are stated in the document.
Confirmed in the source:
- Bitcoin distributions will be made every two weeks
- Distributions are based on each Member's respective hash rate contributions
- Distributions are made after deducting each Member's share of power and operational costs
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: “Bitcoin distributions will be made every two weeks in accordance with each Member's respective hash rate contributions after deducting each Member's share of power and operational costs”