MOIC return on Nautilus investment
Company: TeraWulf - Project: Nautilus
The claim, verbatim
3.4x multiple on invested capital realized from Nautilus investment
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-09-01)Live source ↗Archive.org ↗
Quote: “3.4x Multiple on Invested Capital”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The deck reports a 3.4x MOIC on the Nautilus investment, based on $39.5M invested and $133.0M of realized value. A footnote says this figure excludes the undepreciated value of WULF's miners.
Confirmed in the source:
- The Nautilus investment produced a 3.4x multiple on invested capital
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_0c87b48cb4d1c6967968c7d0c3e5933d/terawulf/db/2396/23300/pdf/WULF_Nautilus_Sale_Announcement_Deck_%2810-03-24%29vF.pdf) in full (14,394 characters, retrieved September 1, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nautilus Sale Announcement
Quote: “3.4x Multiple on Invested Capital”