Pre-halving cost-to-mine ~$25k/BTC
Company: TeraWulf
What the later record shows
Delivered on time · happened March 31, 2024
Cash cost to mine one bitcoin was $15,529 in Q1 2024, and April power cost was $16,058 per bitcoin. Both are well below the ~$25k pre-halving projection.
“Power cost averaged $16,058 per bitcoin self-mined, or approximately $0.038/kWh in April”
2024-05-01 · terawulf 8-K exhibit (wulfapr24opsreport05-2x2.htm) View cached copy (2026-11-07)Live source ↗
“Cost to mine one bitcoin (1) $ 15,529 $ 7,897 Value of each bitcoin mined (2) $ 53,750 $ 23,077”
2024-05-12 · TeraWulf 10-Q filed 2024-05-13 View cached copy (2026-09-13)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 projects a cost-to-mine of approximately $25,000 per bitcoin for 2024 pre-halving.
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: “Projecting cost-to-mine of ~$25k pre-halving”
How we checked this
Checked on November 9, 2026. The cited source supports every part of this claim.
The FY 2024 guidance projects a cost-to-mine of about $25k pre-halving, and its table shows a total cost of $25,149 per BTC.
Confirmed in the source:
- TeraWulf projects a 2024 pre-halving cost-to-mine of approximately $25,000 per bitcoin
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: “Projecting cost-to-mine of ~$25k pre-halving”
confirms TeraWulf 10-Q filed 2024-05-13
Quote: “Cost to mine one bitcoin (1) $ 15,529 $ 7,897 Value of each bitcoin mined (2) $ 53,750 $ 23,077”
confirms terawulf 8-K exhibit (wulfapr24opsreport05-2x2.htm)
Quote: “Power cost averaged $16,058 per bitcoin self-mined, or approximately $0.038/kWh in April”