Q4 2025 mining power cost
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
Only a full-year 2025 cost of $0.060/kWh is reported. No passage isolates the Q4 2025 power cost at Lake Mariner.
“Total energy expense, net of expected demand response proceeds (4) ($ in thousands) $ 80,199 $ 68,815 Cost per kWh $ 0.060 $ 0.043”
2026-02-26 · TeraWulf 10-K filed 2026-02-27 View cached copy (2026-08-31)Live source ↗
Checked October 13, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Estimated power cost at Lake Mariner for Q4 2025 is $0.05/kWh.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗Archive.org ↗
Quote: “Estimated power cost of $0.05/kWh at Lake Mariner for Q4 2025”
How we checked this
Checked on October 15, 2026. The cited source supports every part of this claim.
A footnote to the cash-cost-to-mine table estimates Lake Mariner power cost at $0.05/kWh for Q4 2025.
Confirmed in the source:
- Estimated power cost at Lake Mariner for Q4 2025 is $0.05/kWh
What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23306/pdf/WULF_Q3_2025_Investor_Update_%28Nov_2025%29vF.pdf) in full (31,442 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Investor Presentation
Quote: “Estimated power cost of $0.05/kWh at Lake Mariner for Q4 2025”