2024 average power cost target
Company: TeraWulf
What the later record shows
The date slipped
The FY2024 10-K reports an average energy cost of $0.043/kWh for 2024. That misses the $0.035/kWh target.
“Cost per kWh $ 0.043 $ 0.032 Energy expense, net as % of value of bitcoin mined 40.1 % 29.3 %”
2025-03-02 · TeraWulf 10-K filed 2025-03-03 View cached copy (2026-08-31)Live source ↗
Checked November 8, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
TeraWulf targets an average power cost of $0.035/kWh across both sites for 2024.
Source (primary)
terawulf 8-K exhibit (exhibit992-wulfmarch24in.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-08)Live source ↗
Quote: “$0.035/kWh target 2024 power cost”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The presentation lists a "$0.035/kWh target 2024 power cost" and gives "annual guidance of 3.5 cents per kWh average cost of power across both sites."
Confirmed in the source:
- TeraWulf targets a 2024 power cost of $0.035/kWh
- The 3.5 cents per kWh figure is the average power cost across both sites
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000066/exhibit992-wulfmarch24in.htm) in full (13,743 characters, retrieved November 8, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (exhibit992-wulfmarch24in.htm)
Quote: “$0.035/kWh target 2024 power cost”
delays TeraWulf 10-K filed 2025-03-03
Quote: “Cost per kWh $ 0.043 $ 0.032 Energy expense, net as % of value of bitcoin mined 40.1 % 29.3 %”