In March, TeraWulf started bringing machines online in its Nautilus facility in Pennsylvania, which is fully powered by nuclear energy. At the site, the miner has secured power agreement for 2 cents per kilowatt hour (kWh) of electricity for five years, which will bring its energy costs down to 3.5 cents across its two facilities. The Nautilus mine is a joint venture, of which TeraWulf owns 25% after downsizing its stake from a 50-50 split with a subsidiary of power producer Talen Energy.