On master (8c97780db8c9dd33efed134385573ba97e9cd165):
0$ make -C depends HOST=x86_64-w64-mingw32 DEBUG=1
1$ ./autogen.sh
2$ CONFIG_SITE=$PWD/depends/x86_64-w64-mingw32/share/config.site ./configure
3...
4Options used to compile and link:
5 multiprocess = no
6 with wallet = yes
7 with gui / qt = no
8...
Should be fixed by #18298.