TERAWULF INC
For the period ended Mar 31, 2025. Filed May 9, 2025.
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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, 2025 · Filed May 9, 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
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF MARCH 31, 2025 AND DECEMBER 31, 2024
(In thousands, except number of shares and par value; unaudited)
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $218,162 | $274,065 |
| Digital currency | 1,400 | 476 |
| Prepaid expenses | 4,799 | 2,493 |
| Other receivables | 5,101 | 3,799 |
| Other current assets | 585 | 598 |
| Total current assets | 230,047 | 281,431 |
| Property, plant and equipment, net | 509,888 | 411,869 |
| Operating lease right-of-use asset | 85,299 | 85,898 |
| Finance lease right-of-use asset | 7,200 | 7,285 |
| Other assets | 8,728 | 1,028 |
| TOTAL ASSETS | $841,162 | $787,511 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $54,901 | $24,382 |
| Accrued construction liabilities | 19,526 | 16,520 |
| Accrued compensation | 1,512 | 4,552 |
| Accrued interest | 5,997 | 2,559 |
| Other accrued liabilities | 6,432 | 2,414 |
| Other amounts due to related parties | 571 | 1,391 |
| Current portion of deferred rent liability | 31,960 | — |
| Current portion of operating lease liability | 26 | 25 |
| Current portion of finance lease liability | 2 | 2 |
| Total current liabilities | 120,927 | 51,845 |
| Deferred rent liability, net of current portion | 58,040 | — |
| Operating lease liability, net of current portion | 3,420 | 3,427 |
| Finance lease liability, net of current portion | 291 | 292 |
| Convertible notes | 488,109 | 487,502 |
| TOTAL LIABILITIES | 670,787 | 543,066 |
| Commitments and Contingencies (See Note 10) | ||
| STOCKHOLDERS’ EQUITY: | ||
| Preferred stock, $0.001 par value, 100,000,000 authorized at March 31, 2025 and December 31, 2024; 9,566 issued and outstanding at March 31, 2025 and December 31, 2024; aggregate liquidation preference of $12,924 and $12,609 at March 31, 2025 and December 31, 2024, respectively | 9,273 | 9,273 |
|---|---|---|
| Common stock, $0.001 par value, 600,000,000 authorized at March 31, 2025 and December 31, 2024, respectively; 408,198,263 and 404,223,028 issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 408 | 404 |
| Additional paid-in capital | 705,897 | 685,261 |
| Treasury stock at cost, 24,468,750 and 18,568,750 at March 31, 2025 and December 31, 2024, respectively | (151,509) | (118,217) |
| Accumulated deficit | (393,694) | (332,276) |
| Total stockholders' equity | 170,375 | 244,445 |
| TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | $841,162 | $787,511 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.