Post-halving cost to mine ~$37,000/BTC
Company: TeraWulf
What the later record shows
Outcome not yet confirmed
Filings report a cash cost to mine of $25,268 per BTC for FY2024 and $30,499 for Q3 2024, excluding depreciation. These figures are not comparable to the ~$37,000 total production cost estimate.
“Cost to mine one bitcoin (1) $ 25,268 $ 8,705 Value of each bitcoin mined (2) $ 62,889 $ 29,645”
2025-03-02 · TeraWulf 10-K filed 2025-03-03 View cached copy (2026-08-31)Live source ↗
Checked November 9, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
After the April 2024 halving, TeraWulf expects its production cost to be about $37,000 per BTC.
Source (primary)
terawulf 8-K exhibit (wulf23resultsand24outloo.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-09)Live source ↗
Quote: “Post the upcoming halving, which is projected to occur in April 2024, TeraWulf's estimated production cost per BTC is expected to be approximately $37,000.”
How we checked this
Checked on November 10, 2026. The cited source supports every part of this claim.
The release states both the April 2024 halving timing and the ~$37,000 post-halving cost.
Confirmed in the source:
- The halving was projected to occur in April 2024
- TeraWulf expected its post-halving production cost to be approximately $37,000 per BTC
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1083301/000108330124000053/wulf23resultsand24outloo.htm) in full (18,117 characters, retrieved November 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms terawulf 8-K exhibit (wulf23resultsand24outloo.htm)
Quote: “Post the upcoming halving, which is projected to occur in April 2024, TeraWulf's estimated production cost per BTC is expected to be approximately $37,000.”