Q4 2025 mining power cost estimate
Company: TeraWulf
What the later record shows
The date slipped
No passage states Q4 directly, but FY2025 less the nine-month figures implies about $16.7M of energy over about 264,356 MWh. That is roughly $0.063/kWh, above the $0.05 estimate.
“Total MWhs utilized 357,754 444,818 1,080,404 1,267,749 Total energy expense, net of expected demand response proceeds (5) ($ in thousands) $ 16,835 $ 16,899 $ 63,482 $ 49,226 Cost per kWh $ 0.047 $ 0.038 $ 0.059 $ 0.039”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
“Total MWhs utilized 1,344,760 1,601,061 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 November 5, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf estimates a power cost of $0.05/kWh at Lake Mariner for Q4 2025.
Source (primary)
Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-11-05)Live source ↗Archive.org ↗
Quote: “Estimated power cost of $0.05/kWh at Lake Mariner for Q4 2025”
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 Investor Presentation
Quote: “Estimated power cost of $0.05/kWh at Lake Mariner for Q4 2025”
delays TeraWulf 10-Q filed 2025-11-10
Quote: “Total MWhs utilized 357,754 444,818 1,080,404 1,267,749 Total energy expense, net of expected demand response proceeds (5) ($ in thousands) $ 16,835 $ 16,899 $ 63,482 $ 49,226 Cost per kWh $ 0.047 $ 0.038 $ 0.059 $ 0.039”
delays TeraWulf 10-K filed 2026-02-27
Quote: “Total MWhs utilized 1,344,760 1,601,061 Total energy expense, net of expected demand response proceeds (4) ($ in thousands) $ 80,199 $ 68,815 Cost per kWh $ 0.060 $ 0.043”