It's free and available to all Fallout 76 players.
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The Night of the Moth update is a free update that was just released today for Fallout 76 owners. This new update adds in some fresh content for players to tackle. It introduces the "Mothman Equinox" seasonal event along with a bunch of quality-of-life improvements.

Players will help the Enlightened, a new sect of the Mothman Cult, in hunting down the rival Cultish High Priests through Appalachia for Mothman Cult themed rewards. Some of these rewards include unique apparel and skins that you can wear.

Fallout 76 is available for PlayStation 4, Xbox One, and PC. Included below are just some of the highlights from today's update. More extensive notes can be found here.

The Mothman Equinox
At Point Pleasant in the Forest region of Appalachia, Beholder Clarence waits at the top of the Mothman Museum. After speaking with him, players prepare for an elaborate ritual through several phases. Light ceremonial bonfires, defend against rival cultists and complete other ritual-related tasks before the timer expires. Return to the Mothman Museum after and summon the Wise Mothman. Communing with the Wise Mothman provides the chance to earn new themed plans.

Quality-of-Life Improvements
The Night of the Moth update also brings several quality-of-life changes:
  • Nearby Corpse Looting – If corpses have started to pile up, the option of mass looting those corpses within range is now available instead of having to pick through each enemy.
  • Legendary Loot Sharing – Vault dwellers not part of a team who see a legendary creature die within eyesight can loot the body for some legendary items.
  • Team XP Sharing – Players no longer have to tag enemies when with a friend for XP to count. Any enemy that a teammate takes down will grant XP to the whole team, so long as they are within sight range of the creature when it dies.
  • Build Menu “New” Tab – The “New” tab to the C.A.M.P. build menu displays any new C.A.M.P. item plans learned during a play session, as well as new C.A.M.P. items unlocked in the Atomic Shop.
  • Pip-Boy Keyring – Instead of rummaging through their inventories, players can find their keys on the separate keyring when opening the Pip-Boy menu in the “Misc.” tab.
  • Pip-Boy Menu Color Customization – Change the hue of Pip-Boy menus using a new set of customization sliders.
  • Ammo Everywhere – Existing sources of ammo, such as containers and enemy loot, have a chance to drop a small amount of ammo for any currently equipped weapon.