Sale of 25% Nautilus stake to Talen Energy
Company: TeraWulf
The claim, verbatim
TeraWulf sells its 25% equity interest in the Nautilus JV to Talen Energy for ~$92M, comprising $85M cash and ~$7M of Talen-contributed miners and equipment.
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “WULF sells 25% equity interest in Nautilus to Talen Energy ... Sale proceeds comprised of $85 million cash consideration and approximately $7 million worth of Talen contributed miners and related equipment.”
How we checked this
Checked on October 14, 2026. The cited source supports every part of this claim.
The deck states the 25% Nautilus stake sale to Talen and the ~$92M proceeds. A footnote breaks the proceeds into $85M cash and ~$7M of Talen-contributed miners and equipment.
Confirmed in the source:
- TeraWulf (WULF) sells its 25% equity interest in Nautilus to Talen Energy
- Transaction proceeds are approximately $92 million
- Proceeds comprise $85 million cash consideration and approximately $7 million worth of Talen-contributed miners and related equipment
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23300/pdf/WULF_Nautilus_Sale_Announcement_Deck_%2810-03-24%29vF.pdf) in full (14,394 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nautilus Sale Announcement
Quote: “WULF sells 25% equity interest in Nautilus to Talen Energy ... Sale proceeds comprised of $85 million cash consideration and approximately $7 million worth of Talen contributed miners and related equipment.”
confirms Nautilus Sale Announcement
Quote: “WULF sells 25% equity interest in Nautilus to Talen Energy ... ~$92 Million Transaction Proceeds ... Sale proceeds comprised of $85 million cash consideration and approximately $7 million worth of Talen contributed miners and related equipment.”