TERAWULF INC

For the period ended Jun 30, 2024. Filed Aug 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.

Jun 30, 2024 · Filed Aug 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 JUNE 30, 2024 AND DECEMBER 31, 2023

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

	June 30, 2024	December 31, 2023
(unaudited)
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$104,109	$54,439
Digital currency	946	1,801
Prepaid expenses	2,850	4,540
Other receivables	2,554	1,001
Other current assets	505	806
Total current assets	110,964	62,587
Equity in net assets of investee	85,568	98,613
Property, plant and equipment, net	272,049	205,284
Right-of-use asset	10,440	10,943
Other assets	547	679
TOTAL ASSETS	$479,568	$378,106
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$8,398	$15,169
Accrued construction liabilities	3,033	1,526
Other accrued liabilities	7,751	9,179
Share based liabilities due to related party	—	2,500
Other amounts due to related parties	632	972
Current portion of operating lease liability	51	48
Insurance premium financing payable	249	1,803
Current portion of long-term debt	72,302	123,465
Total current liabilities	92,416	154,662
Operating lease liability, net of current portion	873	899
Long-term debt	38	56
TOTAL LIABILITIES	93,327	155,617
Commitments and Contingencies (See Note 12)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.001 par value, 100,000,000 authorized at June 30, 2024 and December 31, 2023; 9,566 issued and outstanding at June 30, 2024 and December 31, 2023; aggregate liquidation preference of $12,002 and $11,423 at June 30, 2024 and December 31, 2023, respectively	9,273	9,273
Common stock, $0.001 par value, 600,000,000 and 400,000,000 authorized at June 30, 2024 and December 31, 2023, respectively; 374,456,722 and 276,733,329 issued and outstanding at June 30, 2024 and December 31, 2023, respectively	374	277

Additional paid-in capital	656,941	472,834
Accumulated deficit	(280,347)	(259,895)
Total stockholders’ equity	386,241	222,489
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$479,568	$378,106

ContentsView on SEC.gov

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