jain.com
The Analysis · Companies · People · Methodology

Q4 2024 hash rate guidance

Company: TeraWulf

This claim was withdrawn on October 13, 2026. The scrambled guidance table does contain '19 13.2', but those values match the Q1 2025E column (650 EH/s network hash matches the 2025 assumption, 18.2 J/TH × 4% ancillary ≈ 19, and hash rate ≈ the 13.1 EH/s target), while the deck's own capacity chart shows Q4 2024 months at only ~8.7–10.0 EH/s, so attributing 13.2 EH/s and 19 J/TH to Q4 2024E conflicts with the source.

How this was decided: Evidence review against 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
2024-12-31
Promised amount
13.2 EH/s
Current status
withdrawn

What the later record shows

Outcome not yet confirmed

No passage reports Q4 2024 hash rate or fleet efficiency. The nearest data point is a 12.2 EH/s fleet capacity as of March 31, 2025, which is below 13.2 EH/s but does not cover Q4 2024 directly.

“Current Fleet Total Capacity 26,800 8,000 31,000 65,800 6.3 EH 1.6 EH 4.4 EH 12.2 EH”
2025-05-08 · Investor Presentation View cached copy (2026-09-01)Live source ↗Archive.org ↗

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

Q4 2024E total hash rate of 13.2 EH/s with fleet efficiency of 19 J/TH.

Source (primary)

Nautilus Sale Announcement (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-10-13)Live source ↗Archive.org ↗

Quote: “Miner Fleet Efficiency (J/TH) [1] Total Hash Rate (EH/s) ... 21 9.3 ... 19 13.2”

How we checked this

Checked on October 15, 2026. The cited source supports every part of this claim.

The appendix guidance table lists 19 J/TH fleet efficiency and 13.2 EH/s total hash rate for Q4 2024E.

Confirmed in the source:

What we did: Read our cached copy of IR page (investors.terawulf.com) (https://d1io3yog0oux5.cloudfront.net/_513c80c486e62e4bdb70115ded3782f5/terawulf/db/2396/23300/pdf/WULF_Nautilus_Sale_Announcement_Deck_%2810-03-24%29vF.pdf) in full (14,394 characters, retrieved October 13, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Nautilus Sale Announcement

Quote: “Miner Fleet Efficiency (J/TH) [1] Total Hash Rate (EH/s) ... 21 9.3 ... 19 13.2”

View cached copy (2026-10-13)Live source ↗Archive.org ↗

Record of changes

October 13, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
October 13, 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 13, 2026 — withdrawn
Evidence review against the cited source. The scrambled guidance table does contain '19 13.2', but those values match the Q1 2025E column (650 EH/s network hash matches the 2025 assumption, 18.2 J/TH × 4% ancillary ≈ 19, and hash rate ≈ the 13.1 EH/s target), while the deck's own capacity chart shows Q4 2024 months at only ~8.7–10.0 EH/s, so attributing 13.2 EH/s and 19 J/TH to Q4 2024E conflicts with the source.