Unit economics improvement on MB-5 completion
Company: TeraWulf
What the later record shows
The date slipped
Full-year 2025 mining unit economics worsened rather than improved. Cost to mine one bitcoin rose from $25,268 to $53,681, and from 40.2% to 53.0% of the value of bitcoin mined.
“Cost to mine one bitcoin (1) $ 53,681 $ 25,268 Value of each bitcoin mined (2) $ 101,307 $ 62,889 Cost to mine one bitcoin as % of value of bitcoin mined 53.0 % 40.2 %”
2026-02-26 · TeraWulf 10-K filed 2026-02-27 View cached copy (2026-08-31)Live source ↗
Checked October 18, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf anticipates unit economics will improve in 2025 once MB-5 and the miner fleet upgrade are completed.
Source (primary)
terawulf 8-K exhibit (wulfq42024investorpresup.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-18)Live source ↗
Quote: “Unit economics anticipated to improve in 2025 upon completion of MB-5 and miner fleet upgrade”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms terawulf 8-K exhibit (wulfq42024investorpresup.htm)
Quote: “Unit economics anticipated to improve in 2025 upon completion of MB-5 and miner fleet upgrade”
delays TeraWulf 10-K filed 2026-02-27
Quote: “Cost to mine one bitcoin (1) $ 53,681 $ 25,268 Value of each bitcoin mined (2) $ 101,307 $ 62,889 Cost to mine one bitcoin as % of value of bitcoin mined 53.0 % 40.2 %”