TERAWULF INC

For the period ended Mar 31, 2024. Filed May 13, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 13, 2024

WULF$12.56+1.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Balance Sheets as of and

CONSOLIDATED BALANCE SHEETS

AS OF MARCH 31, 2024 AND DECEMBER 31, 2023

(In thousands, except number of shares and par value)

	March 31, 2024	December 31, 2023
(unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$45,824	$54,439
Digital currency	2,018	1,801
Prepaid expenses	3,973	4,540
Other receivables	1,668	1,001
Other current assets	873	806
Total current assets	54,356	62,587
Equity in net assets of investee	91,866	98,613
Property, plant and equipment, net	237,889	205,284
Right-of-use asset	10,691	10,943
Other assets	586	679
TOTAL ASSETS	$395,388	$378,106
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$14,313	$15,169
Accrued construction liabilities	938	1,526
Other accrued liabilities	5,494	9,179
Share based liabilities due to related party	—	2,500
Other amounts due to related parties	975	972
Current portion of operating lease liability	49	48
Insurance premium financing payable	983	1,803
Current portion of long-term debt	99,360	123,465
Total current liabilities	122,112	154,662
Operating lease liability, net of current portion	886	899
Long-term debt	47	56
TOTAL LIABILITIES	123,045	155,617
Commitments and Contingencies (See Note 12)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.001 par value, 100,000,000 authorized at March 31, 2024 and December 31, 2023; 9,566 issued and outstanding at March 31, 2024 and December 31, 2023; aggregate liquidation preference of $11,709 and $11,423 at March 31, 2024 and December 31, 2023, respectively	9,273	9,273

Common stock, $0.001 par value, 400,000,000 authorized at March 31, 2024 and December 31, 2023; 302,921,785 and 276,733,329 issued and outstanding at March 31, 2024 and December 31, 2023, respectively	303	277
Additional paid-in capital	532,238	472,834
Accumulated deficit	(269,471)	(259,895)
Total stockholders' equity	272,343	222,489
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$395,388	$378,106

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.