Fleet of ~64,500 miners, 7.5 EH/s as of Feb 29, 2024
Company: TeraWulf - Project: Nautilus
The claim, verbatim
As of February 29, 2024, TeraWulf had a self-mining hash rate of 7.5 EH/s with about 64,500 miners deployed: 48,500 at Lake Mariner and about 16,000 at Nautilus Cryptomine.
Source (primary)
terawulf 8-K exhibit (exhibit991-earningsrelea.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “As of February 29, 2024, the Company had a self-mining hash rate of 7.5 EH/s, with a fleet of approximately 64,500 miners deployed. Among these, 48,500 miners are operating at the Lake Mariner facility, while the Nautilus Cryptomine facility houses around 16,000 of the Company's miners.”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
The release states the February 29, 2024 hash rate, the fleet size, and the split of miners between the two facilities exactly as the claim describes.
Confirmed in the source:
- As of February 29, 2024, TeraWulf had a self-mining hash rate of 7.5 EH/s
- As of February 29, 2024, TeraWulf had approximately 64,500 miners deployed
- 48,500 miners were operating at the Lake Mariner facility
- About 16,000 of the company's miners were at the Nautilus Cryptomine facility
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000066/exhibit991-earningsrelea.htm) in full (27,213 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (exhibit991-earningsrelea.htm)
Quote: “As of February 29, 2024, the Company had a self-mining hash rate of 7.5 EH/s, with a fleet of approximately 64,500 miners deployed. Among these, 48,500 miners are operating at the Lake Mariner facility, while the Nautilus Cryptomine facility houses around 16,000 of the Company's miners.”