Optional capacity expansion for Nautilus Cryptomine
Company: TeraWulf - Project: Nautilus
What the later record shows
The date slipped · new target February 28, 2025
The Cumulus/Talen expansion window was moved to within twelve months of TeraWulf's February 28, 2024 election. The expansion still had not occurred as of September 30, 2024.
“the Talen Member may, within twelve months of the Company’s election, elect to expand the energy requirement of the Nautilus Cryptomine Facility by up to an additional 50 MW”
2024-05-12 · TeraWulf 10-Q filed 2024-05-13 View cached copy (2026-09-13)Live source ↗
“The expansion of energy requirements of the Nautilus Cryptomine Facility had not occurred as of September 30, 2024.”
2024-11-11 · TeraWulf 10-Q filed 2024-11-12 View cached copy (2026-08-31)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Cumulus Member may elect to expand energy requirement by up to 100 MW, funded solely by Cumulus, prior to May 13, 2024, for total capacity of 300 MW
Source (primary)
TeraWulf 8-K filed 2023-03-24 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Cumulus Member may elect to expand the energy requirement by up to 100 MW, funded solely by the Cumulus Member, prior to May 13, 2024, for a total capacity of 300 MW.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states that Cumulus Member may elect to expand the energy requirement by up to 100 MW, funded solely by Cumulus Member, before May 13, 2024, for a total capacity of 300 MW.
Confirmed in the source:
- Cumulus Member may elect to expand the Nautilus energy requirement by up to 100 MW
- The expansion is to be funded solely by Cumulus Member
- The election must be made prior to May 13, 2024
- The expansion would bring total capacity to 300 MW
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: “the Cumulus Member may elect to expand the energy requirement by up to 100 MW, funded solely by the Cumulus Member, prior to May 13, 2024, for a total capacity of 300 MW.”
delays TeraWulf 10-Q filed 2024-11-12
Quote: “The expansion of energy requirements of the Nautilus Cryptomine Facility had not occurred as of September 30, 2024.”
delays TeraWulf 10-Q filed 2024-05-13
Quote: “the Talen Member may, within twelve months of the Company’s election, elect to expand the energy requirement of the Nautilus Cryptomine Facility by up to an additional 50 MW”