Sale of Nautilus Cryptomine equity interests to Talen Energy affiliate

Checked on September 17, 2026. The cited source supports part of this claim, but not all of it.

The filing confirms the buyer, the $85 million cash price and the working capital adjustment. However, TeraWulf's subsidiary sold only its own stake in Nautilus, not all of Nautilus's equity, because the buyer was already a member.

Confirmed in the source:

• A TeraWulf subsidiary, TeraWulf (Thales) LLC, agreed to sell its equity interests in Nautilus Cryptomine LLC and the Nautilus Cryptomine facility
• The buyer was Cumulus Coin LLC, an affiliate of Talen Energy Corporation
• The price was $85,000,000 in cash paid at closing
• The price is subject to a customary working capital adjustment
• The sale closed on October 2, 2024, at signing

We could not confirm this from the cited source:

• That TeraWulf sold all equity interests in Nautilus Cryptomine LLC; the filing says the subsidiary sold all of its own interest, and Cumulus Coin LLC was already a member of Nautilus

That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000095014224002511/eh240539927_8k.htm) in full (10,383 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

confirms TeraWulf 8-K filed 2024-10-03

Quote: “Cumulus Member has agreed to pay $85,000,000 in cash at closing to TeraWulf Member for all of the equity interest held by TeraWulf Member, which is subject to a customary working capital adjustment”

View cached copy (2026-08-31)Live source ↗