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Q1 2025E total cost per BTC

Company: TeraWulf

This claim was marked delayed on October 9, 2026. Recorded automatically from the cited source when it was published, then queued for evidence review.

How this was decided: Automated extraction from the cited source. The claim is preserved below exactly as it was originally published, so the record shows what was asserted as well as what became of it.

Subject kind
guidance
Statement date
2024-10-03
Promised by
2025-03-31
Promised amount
35732.0 USD/BTC
Current status
delayed

What the later record shows

The date slipped

Q1 2025 cash cost to mine was $66,156 per BTC on 372 BTC mined. Guidance was $35,732 total cost and 857 BTC.

“Cost to mine one bitcoin (2) $ 66,156 $ 15,529 Value of each bitcoin mined (3) $ 92,600 $ 53,750”
2025-05-08 · TeraWulf 10-Q filed 2025-05-09 View cached copy (2026-08-31)Live source ↗
“Total bitcoin mined (4) 372 1,051 Total value of bitcoin mined (3) ($ in thousands) $ 34,405 $ 56,491”
2025-05-08 · TeraWulf 10-Q filed 2025-05-09 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

Q1 2025E guidance total cost of $35,732 per BTC with 857 BTC mined.

Source (primary)

Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-06)Live source ↗

Quote: “$30,636 $35,732 $25”

How we checked this

Checked on October 13, 2026. The cited source supports every part of this claim.

The Updated Guidance table lists Q1 2025E total cost of $30,636K, or $35,732 per BTC, with 857 bitcoin mined. Those figures are internally consistent.

Confirmed in the source:

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: “$30,636 $35,732 $25”

View cached copy (2026-10-06)Live source ↗

delays TeraWulf 10-Q filed 2025-05-09

Quote: “Cost to mine one bitcoin (2) $ 66,156 $ 15,529 Value of each bitcoin mined (3) $ 92,600 $ 53,750”

View cached copy (2026-08-31)Live source ↗

Record of changes

October 6, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 7, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 9, 2026 — outcome unconfirmed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 9, 2026 — outcome unconfirmed
Review. statement_date 2026-10-06 was the source's retrieval date; source published 2024-10-03.
October 9, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.