Cash contribution to Nautilus Cryptomine joint venture
Company: TeraWulf - Project: Nautilus
What the later record shows
Outcome not yet confirmed
No passage confirms that the $17.1 million cash contribution was made by November 11, 2022. The agreement was restructured in March 2023, cutting TeraWulf's stake to 25%, and the 2022 investment totals are not broken out against this obligation.
“TeraWulf Member will hold a 25% equity interest in Nautilus and Cumulus Member will hold a 75% equity interest in Nautilus”
2023-03-23 · TeraWulf 8-K filed 2023-03-24 View cached copy (2026-09-13)Live source ↗
“invested $2.8 million and $46.2 million, respectively, in Nautilus related primarily to the joint venture’s miner deposits and mining facility buildout”
2024-03-19 · TeraWulf 10-K filed 2024-03-20 View cached copy (2026-09-13)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
TeraWulf Member will contribute $17.1 million in cash to Nautilus Cryptomine by November 11, 2022
Source (primary)
TeraWulf 8-K filed 2022-08-29 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “TeraWulf Member will contribute $17.1 million and Cumulus Member will contribute $57.1 million in cash to Nautilus, in each case by November 11, 2022”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states that under the amended joint venture agreement, TeraWulf Member will contribute $17.1 million in cash to Nautilus by November 11, 2022.
Confirmed in the source:
- TeraWulf Member (TeraWulf (Thales) LLC) agreed to contribute $17.1 million in cash to Nautilus Cryptomine LLC
- The cash contribution is due by November 11, 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000108330122000029/wulf-20220829x8k.htm) in full (9,834 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 8-K filed 2022-08-29
Quote: “TeraWulf Member will contribute $17.1 million and Cumulus Member will contribute $57.1 million in cash to Nautilus, in each case by November 11, 2022”