Talen Joint Venture capital contribution commitment
Company: TeraWulf - Project: Nautilus
What the later record shows
Outcome not yet confirmed
The August 2022 amended agreement replaced the $156.0 million commitment with a 20,000-miner and $17.1 million cash contribution. Later filings describe the $156.0 million as what TeraWulf 'originally' would contribute.
“Pursuant to the A&R Talen Joint Venture Agreement, TeraWulf Member will contribute 20,000 miners to Nautilus and Cumulus Member will contribute 40,000 miners to Nautilus.”
2022-08-28 · TeraWulf 8-K filed 2022-08-29 View cached copy (2026-09-13)Live source ↗
“TeraWulf originally would contribute $ 156.0 million both in cash and in-kind and Talen originally would contribute $ 156.0 million both in cash and in-kind to Nautilus by March 2022”
2023-08-13 · TeraWulf 10-Q filed 2023-08-14 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 committed to contribute $156.0 million in cash and in-kind to Nautilus Cryptomine, expected by Q3 2022
Source (primary)
TeraWulf 10-K filed 2022-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Pursuant to the terms of the Talen Joint Venture Agreement, TeraWulf would contribute $156.0 million both in cash and in-kind and Talen would contribute $156.0 million both in cash and in-kind to Nautilus by March 2022, unless otherwise determined in accordance with the Talen Joint Venture Agreement... These contributions are now expected to be contributed by the third quarter of 2022, as agreed to by the members.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-K states the $156.0 million cash and in-kind commitment and that contributions are now expected by Q3 2022.
Confirmed in the source:
- Under the Talen Joint Venture Agreement, TeraWulf would contribute $156.0 million in cash and in-kind to Nautilus Cryptomine
- These contributions are now expected to be made by the third quarter of 2022
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000110465922041168/wulf-20211231x10k.htm) in full (353,283 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf 10-K filed 2022-03-31
Quote: “Pursuant to the terms of the Talen Joint Venture Agreement, TeraWulf would contribute $156.0 million both in cash and in-kind and Talen would contribute $156.0 million both in cash and in-kind to Nautilus by March 2022, unless otherwise determined in accordance with the Talen Joint Venture Agreement... These contributions are now expected to be contributed by the third quarter of 2022, as agreed to by the members.”