Q4 2024E hash rate and cost guidance
Company: TeraWulf
What the later record shows
The date slipped
FY2024 bitcoin mined was 2,728 and the nine-month figure was 2,305. That implies about 423 BTC in Q4 2024, against 557 guided. Hash rate was still only 12.2 EH/s at the end of Q1 2025, below the 13.2 EH/s Q4 target.
“Total bitcoin mined (3) 2,728 3,343 Total value of bitcoin mined (2) ($ in thousands) $ 171,547 $ 99,105”
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 ↗
“Total bitcoin mined (4) 377 555 1,234 2,305 Total value of bitcoin mined (3) ($ in thousands)”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)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
Q4 2024E guidance: 13.2 EH/s total hash rate, 19 J/TH fleet efficiency, 557 BTC mined, total cost $43,242/BTC.
Source (primary)
Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗
Quote: “557 650 3.0% 19 13.2”
How we checked this
Checked on October 13, 2026. The cited source supports part of this claim, but not all of it.
The guidance table supports the hash rate, efficiency and per-BTC total cost for Q4 2024E. The deck's own Q4 figures ($25,437K total cost at $43,242/BTC, $16,300K power at $27,710/BTC) imply about 588 BTC mined, so the 557 figure is not established as the Q4 bitcoin-mined number.
Confirmed in the source:
- TeraWulf's Q4 2024E guidance assumed a total hash rate of 13.2 EH/s
- TeraWulf's Q4 2024E guidance assumed miner fleet efficiency of 19 J/TH
- TeraWulf's Q4 2024E guidance put total cost at $43,242 per BTC
We could not confirm this from the cited source:
- TeraWulf's Q4 2024E guidance projected 557 BTC mined
That does not mean it is false — only that this source does not establish it, as of the date above. If we find a source that settles it, we will re-check and update this page.
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_26c9692236622f11a71632d61560402c/terawulf/db/2396/23300/pdf/WULF_Nautilus_Sale_Announcement_Deck_%2810-03-24%29vF.pdf) in full (14,394 characters, retrieved October 6, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Nautilus Sale Announcement
Quote: “557 650 3.0% 19 13.2”
delays TeraWulf 10-K filed 2025-03-03
Quote: “Total bitcoin mined (3) 2,728 3,343 Total value of bitcoin mined (2) ($ in thousands) $ 171,547 $ 99,105”
delays TeraWulf 10-Q filed 2025-11-10
Quote: “Total bitcoin mined (4) 377 555 1,234 2,305 Total value of bitcoin mined (3) ($ in thousands)”
delays Investor Presentation
Quote: “End of Period Hash Rate 12.2 EH/s ➢ 53% increase year-over-year in self-mining hash rate”