TERAWULF INC

For the period ended Sep 30, 2024. Filed Nov 12, 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.

Sep 30, 2024 · Filed Nov 12, 2024

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

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Contents

Consolidated Balance Sheets as of and

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF SEPTEMBER 30, 2024 AND DECEMBER 31, 2023

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

	September 30, 2024	December 31, 2023
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$23,938	$54,439
Digital currency	297	1,801
Prepaid expenses	3,091	4,540
Other receivables	4,383	1,001
Other current assets	706	806
Total current assets	32,415	62,587
Equity in net assets of investee	79,494	98,613
Property, plant and equipment, net	283,098	205,284
Right-of-use asset	10,188	10,943
Other assets	710	679
TOTAL ASSETS	$405,905	$378,106
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable	$19,770	$15,169
Accrued construction liabilities	5,040	1,526
Other accrued liabilities	7,080	9,179
Share based liabilities due to related party	—	2,500
Other amounts due to related parties	472	972
Current portion of operating lease liability	53	48
Insurance premium financing payable	—	1,803
Current portion of long-term debt	—	123,465
Total current liabilities	32,415	154,662
Operating lease liability, net of current portion	859	899
Long-term debt	—	56
TOTAL LIABILITIES	33,274	155,617
Commitments and Contingencies (See Note 12)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.001 par value, 100,000,000 authorized at September 30, 2024 and December 31, 2023; 9,566 issued and outstanding at September 30, 2024 and December 31, 2023; aggregate liquidation preference of $12,302 and $11,423 at September 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 September 30, 2024 and December 31, 2023, respectively; 382,632,083 and 276,733,329 issued and outstanding at September 30, 2024 and December 31, 2023, respectively	383	277
Additional paid-in capital	666,055	472,834
Accumulated deficit	(303,080)	(259,895)
Total stockholders’ equity	372,631	222,489
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$405,905	$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.