Talen Joint Venture capital contribution commitment
Company: TeraWulf - Project: Nautilus
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
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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.”