Sale of 25% Nautilus JV stake to Talen
Company: TeraWulf
The claim, verbatim
TeraWulf completed the sale of its 25% equity interest in the Nautilus Cryptomine JV to a Talen Energy subsidiary for total consideration of about $92 million: $85 million in cash plus about 30,000 miners and related equipment valued at about $7 million. The company says this is a 3.4x return on its investment.
Source (primary)
terawulf 8-K exhibit (eh240539927_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-26)Live source ↗
Quote: “today announced it has completed the sale of its 25% equity interest in the Nautilus Cryptomine joint venture ("Nautilus") to its partner, a subsidiary of Talen Energy Corporation ("Talen"), in a transaction valued at approximately $92 million”
How we checked this
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Additional evidence
confirms terawulf 8-K exhibit (eh240539927_ex9901.htm)
Quote: “today announced it has completed the sale of its 25% equity interest in the Nautilus Cryptomine joint venture ("Nautilus") to its partner, a subsidiary of Talen Energy Corporation ("Talen"), in a transaction valued at approximately $92 million”