Q4 2025 power cost
Company: TeraWulf
What the later record shows
The date slipped
Subtracting the nine-month figures from the full-year figures gives about $16.7 million of energy expense over about 264,356 MWh in Q4 2025, or roughly $0.063/kWh against the $0.05 estimate. This is a derived figure, as no passage states Q4 power cost directly.
“Total MWhs utilized 357,754 444,818 1,080,404 1,267,749 Total energy expense, net of expected demand response proceeds (5) ($ 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 6, 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 (2026-11-06)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”