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Q4 2025 total cash cost to mine

Company: TeraWulf

This claim was marked delayed on November 5, 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
2025-11-10
Promised by
2025-12-31
Promised amount
60570.0 USD/BTC
Current status
delayed

What the later record shows

The date slipped

FY2025 less nine-month figures implies about $16.7M of Q4 energy over 262 BTC, or roughly $63,800 per BTC, already above the $60,570 total estimate before operating expense. Q4 total cash cost on the estimate's basis is not reported directly.

“Total bitcoin mined (4) 377 555 1,234 2,305 Total value of bitcoin mined (3)”
2025-11-09 · TeraWulf 10-Q filed 2025-11-10 View cached copy (2026-08-31)Live source ↗
“Total bitcoin mined (3) 1,496 2,728 Total value of bitcoin mined (2) ($ in thousands) $ 151,556 $ 171,547”
2026-02-26 · TeraWulf 10-K filed 2026-02-27 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

The Q4 2025 estimate shows a total cash cost to mine of $60,570 per BTC.

Source (primary)

Investor Presentation (IR page (investors.terawulf.com), ir_presentation)
View cached copy (2026-11-05)Live source ↗Archive.org ↗

Quote: “Total Cash Cost to Mine $26,760 $71,930 $41 $24,936 $51,415 $27 $19,604 $51,985 $25 $ 16,811 $60,570 $26”

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: “Total Cash Cost to Mine $26,760 $71,930 $41 $24,936 $51,415 $27 $19,604 $51,985 $25 $ 16,811 $60,570 $26”

View cached copy (2026-11-05)Live source ↗Archive.org ↗

delays TeraWulf 10-Q filed 2025-11-10

Quote: “Total bitcoin mined (4) 377 555 1,234 2,305 Total value of bitcoin mined (3)”

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

delays TeraWulf 10-K filed 2026-02-27

Quote: “Total bitcoin mined (3) 1,496 2,728 Total value of bitcoin mined (2) ($ in thousands) $ 151,556 $ 171,547”

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

Record of changes

November 5, 2026 — stated
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.
November 5, 2026 — delayed
Automated extraction from the cited source. Recorded automatically from the cited source when it was published, then queued for evidence review.