TERAWULF INC
For the period ended Dec 31, 2023. Filed Mar 20, 2024.
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FY2023 · Filed Mar 20, 2024
WULF$12.56+1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations for the years ended and
(In thousands, except number of shares and loss per common share)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue | $69,229 | $15,033 |
| Cost of revenue (exclusive of depreciation shown below) | 27,315 | 11,083 |
| Gross profit | 41,914 | 3,950 |
| Cost of operations: | ||
| Operating expenses | 2,116 | 2,038 |
| Operating expenses — related party | 2,773 | 1,248 |
| Selling, general and administrative expenses | 23,693 | 22,770 |
| Selling, general and administrative expenses — related party | 13,325 | 13,280 |
| Depreciation | 28,350 | 6,667 |
| Realized gain on sale of digital currency | (3,174) | (569) |
| Impairment of digital currency | 3,043 | 1,457 |
| Loss on disposals of property, plant, and equipment | 1,209 | — |
| Loss on nonmonetary miner exchange | — | 804 |
| Total cost of operations | 71,335 | 47,695 |
| Operating loss | (29,421) | (43,745) |
| Interest expense | (34,812) | (24,679) |
| Loss on extinguishment of debt | — | (2,054) |
| Other income | 231 | — |
| Loss before income tax and equity in net loss of investee | (64,002) | (70,478) |
| Income tax benefit | — | 256 |
| Equity in net loss of investee, net of tax | (9,290) | (15,712) |
| Loss from continuing operations | (73,292) | (85,934) |
| Loss from discontinued operations, net of tax | (129) | (4,857) |
| Net loss | (73,421) | (90,791) |
| Preferred stock dividends | (1,074) | (783) |
| Net loss attributable to common stockholders | $(74,495) | $(91,574) |
| Loss per common share: | ||
| Continuing operations | $(0.35) | $(0.78) |
| Discontinued operations | — | (0.04) |
| Basic and diluted | $(0.35) | $(0.82) |
| Weighted average common shares outstanding: | ||
| Basic and diluted | 209,956,392 | 110,638,792 |
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