Nautilus fixed-rate power contract at 2.0 c/kWh
Company: TeraWulf - Project: Nautilus
The claim, verbatim
TeraWulf's 50 MW of operational mining at Nautilus receives zero-carbon power under a contract at a fixed rate of 2.0 cents per kWh. The contract runs for five years and has two successive three-year renewal options.
Source (primary)
terawulf 8-K exhibit (wulfnautiluspr03-04x24vf.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-09)Live source ↗
Quote: “benefits from a direct supply of zero-carbon power contracted at a fixed rate of 2.0 cents per kilowatt-hour for a term of five years with two successive three-year renewal options”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The press release directly states the operational capacity, power type, fixed rate, five-year term and renewal options.
Confirmed in the source:
- TeraWulf has 50 MW of operational bitcoin mining at the Nautilus facility.
- That operation receives a direct supply of zero-carbon power.
- The power is contracted at a fixed rate of 2.0 cents per kilowatt-hour.
- The contract has a term of five years.
- The contract has two successive three-year renewal options.
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000051/wulfnautiluspr03-04x24vf.htm) in full (8,168 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (wulfnautiluspr03-04x24vf.htm)
Quote: “benefits from a direct supply of zero-carbon power contracted at a fixed rate of 2.0 cents per kilowatt-hour for a term of five years with two successive three-year renewal options”