Hashrate expansion guidance
Company: TeraWulf
What the later record shows
Delivered on time · happened December 31, 2024
The fleet grew to about 62,000 miners by year-end 2024, up from 58,400 at September 30, 2024. Self-mining hash rate was up 53% year over year by Q1 2025. Later 2025 filings show the fleet shrinking again, which weakens the 'and beyond' part.
“As of December 31, 2024, we owned approximately 62,000 miners, of which approximately 58,800 are operational at the Lake Mariner Facility”
2025-03-02 · TeraWulf 10-K filed 2025-03-03 View cached copy (2026-08-31)Live source ↗
“End of Period Hash Rate 12.2 EH/s ➢ 53% increase year-over-year in self-mining hash rate”
2025-05-08 · Investor Presentation View cached copy (2026-10-06)Live source ↗
Checked October 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Company expects to continue increasing hashrate through 2024 and beyond
Source (primary)
TeraWulf S-3/A filed 2023-12-01 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “We are actively expanding our bitcoin mining business and expect to continue increasing our hashrate through 2024 and beyond”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The prospectus says TeraWulf is actively expanding its bitcoin mining business and expects to keep increasing its hashrate through 2024 and beyond.
Confirmed in the source:
- TeraWulf expects to continue increasing its hashrate through 2024 and beyond
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1083301/000162828023040459/terawulfincs-3a.htm) in full (96,895 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms TeraWulf S-3/A filed 2023-12-01
Quote: “We are actively expanding our bitcoin mining business and expect to continue increasing our hashrate through 2024 and beyond”
confirms TeraWulf 10-K filed 2025-03-03
Quote: “As of December 31, 2024, we owned approximately 62,000 miners, of which approximately 58,800 are operational at the Lake Mariner Facility”
confirms Investor Presentation
Quote: “End of Period Hash Rate 12.2 EH/s ➢ 53% increase year-over-year in self-mining hash rate”