Nautilus 50 MW expansion option exercised
Company: TeraWulf - Project: Nautilus
The claim, verbatim
TeraWulf exercised its option to expand its Nautilus interest by 50 MW in February 2024; the 50 MW expansion is planned.
Source (primary)
terawulf 8-K exhibit (exhibit992-wulfmarch24in.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “option to expand by 50 MW, which the Company exercised in February 2024”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
A footnote says TeraWulf's 50 MW Nautilus interest includes an option to expand by 50 MW, exercised in February 2024, and the Nautilus site summary lists '50 MW Planned Expansion'.
Confirmed in the source:
- TeraWulf held an option to expand its Nautilus interest by 50 MW
- TeraWulf exercised that option in February 2024
- The 50 MW Nautilus expansion is planned
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000066/exhibit992-wulfmarch24in.htm) in full (13,743 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (exhibit992-wulfmarch24in.htm)
Quote: “option to expand by 50 MW, which the Company exercised in February 2024”