TeraWulf Announces Agreement to Purchase 100% Zero-Carbon Nuclear Energy

Source Intelligence

KEY DETAILS

TeraWulf will retain a thirty-three percent (33%) ownership interest in the Nautilus JV. Quote: Under the amended agreement, TeraWulf will retain a thirty-three percent (33%) ownership interest in the Nautilus JV.

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Capacity

The Nautilus Cryptomine Facility has access to up to 300 MW of mining capacity from the Susquehanna Station, with each of the JV members having the right to increase digital infrastructure capacity at the site by 50 MW beyond the initial 200 MW planned.

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Location

for the Nautilus Cryptomine bitcoin mining facility (the “Nautilus Cryptomine Facility”), which is located adjacent to, and will source zero-carbon nuclear power directly from, Talen’s 2.5 GW Susquehanna Station in Pennsylvania.

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PPA Details

with contracted power for the first 100 MW of gross mining capacity at $0.02 per kilowatt hour for an initial term of five years (the “Initial Block”). Under the amendments, TeraWulf will maintain the benefit of its previous share of 50 MW of the Initial Block at $0.02 per kilowatt hour.

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Announcement

August 29, 2022

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COD

The Nautilus Cryptomine Facility remains on track to commence mining operations in Q4 2022.

PARTIES MENTIONED IN SOURCE

T

TeraWulf Inc. buyer

"TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, is pleased to announce that the Company and a subsidiary of Talen Energy Corporation have reached an agreement to amend their existing joint venture agreement"

T

Talen Energy Corporation seller

"TeraWulf Inc. (Nasdaq: WULF) (“TeraWulf” or the “Company”), which owns and operates vertically integrated, domestic bitcoin mining facilities powered by more than 91% zero-carbon energy, is pleased to announce that the Company and a subsidiary of Talen Energy Corporation have reached an agreement to amend their existing joint venture agreement"

B

Bitmain Technologies Limited N/A

"Simultaneously with the amendments to the Nautilus JV, TeraWulf has reached a commercial understanding with Bitmain Technologies Limited (“Bitmain”) whereby TeraWulf’s previous payments are expected to be utilized for future antminer shipments comprised of Bitmain S19 XP and S19j Pro miners."

high quality Enriched Feb 19, 2026