Pennsylvania facility ASIC installation start
Company: TeraWulf - Project: Nautilus
What the later record shows
Delivered; the record does not say when
Mining at the Pennsylvania (Nautilus) facility began in February 2023, so ASICs were installed by then. No passage says when installation started, so it cannot be checked against mid-2022.
“The Nautilus Cryptomine Facility, which has been developed and constructed through a joint venture (see Note 11), commenced mining operations in February 2023”
2024-05-12 · TeraWulf 10-Q filed 2024-05-13 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
Plans to begin ASIC installation at Pennsylvania bitcoin mining facility by mid-year 2022
Source (primary)
TeraWulf 424B5 filed 2022-04-13 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “plans to begin installation of ASICs at the facility in Pennsylvania by mid-year 2022”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The risk factors section states that TeraWulf plans to begin installing ASICs at the Pennsylvania facility by mid-year 2022.
Confirmed in the source:
- TeraWulf plans to begin installing ASICs at its Pennsylvania bitcoin mining facility by mid-year 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465922045550/tm2212158-3_424b5.htm) in full (258,880 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 424B5 filed 2022-04-13
Quote: “plans to begin installation of ASICs at the facility in Pennsylvania by mid-year 2022”
confirms TeraWulf 10-Q filed 2024-05-13
Quote: “The Nautilus Cryptomine Facility, which has been developed and constructed through a joint venture (see Note 11), commenced mining operations in February 2023”