TERAWULF INC
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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 Balance Sheets as of and
AS OF DECEMBER 31, 2024 AND 2023
(In thousands, except number of shares, per share amounts and par value)
| December 31, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $274,065 | $54,439 |
| Digital currency | 476 | 1,801 |
| Prepaid expenses | 2,493 | 4,540 |
| Other receivables | 3,799 | 1,001 |
| Other current assets | 598 | 806 |
| Total current assets | 281,431 | 62,587 |
| Equity in net assets of investee | — | 98,613 |
| Property, plant and equipment, net | 411,869 | 205,284 |
| Operating lease right-of-use asset | 85,898 | 10,943 |
| Finance lease right-of-use asset | 7,285 | — |
| Other assets | 1,028 | 679 |
| TOTAL ASSETS | $787,511 | $378,106 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $24,382 | $15,169 |
| Accrued construction liabilities | 16,520 | 1,526 |
| Accrued compensation | 4,552 | 4,413 |
| Other accrued liabilities | 4,973 | 4,766 |
| Share based liabilities due to related party | — | 2,500 |
| Other amounts due to related parties | 1,391 | 972 |
| Current portion of operating lease liability | 25 | 48 |
| Current portion of finance lease liability | 2 | — |
| Insurance premium financing payable | — | 1,803 |
| Current portion of long-term debt | — | 123,465 |
| Total current liabilities | 51,845 | 154,662 |
| Operating lease liability, net of current portion | 3,427 | 899 |
| Finance lease liability, net of current portion | 292 | — |
| Long-term debt | — | 56 |
| Convertible notes | 487,502 | — |
| TOTAL LIABILITIES | 543,066 | 155,617 |
| Commitments and Contingencies (See Note 12) | ||
| STOCKHOLDERS' EQUITY: | ||
| Preferred stock, $0.001 par value, 100,000,000 authorized at December 31, 2024 and 2023; 9,566 shares issued and outstanding at December 31, 2024 and 2023; aggregate liquidation preference of $12,609 and $11,423 at December 31, 2024 and 2023, respectively. | 9,273 | 9,273 |
| Common stock, $0.001 par value, 600,000,000 and 400,000,000 authorized at December 31, 2024 and 2023, respectively; 404,223,028 and 276,733,329 issued and outstanding at December 31, 2024 and 2023, respectively. | 404 | 277 |
| Additional paid-in capital | 685,261 | 472,834 |
| Treasury Stock at cost, 18,568,750 and 0 at December 31, 2024 and 2023, respectively | (118,217) | — |
| Accumulated deficit | (332,276) | (259,895) |
| Total stockholders' equity | 244,445 | 222,489 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $787,511 | $378,106 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.