TERAWULF INC.
For the period ended Dec 31, 2025. Filed Feb 27, 2026.
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FY2025 · Filed Feb 27, 2026
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 Statements of Stockholders’ Equity for the years ended
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(In thousands, except number of shares)
| Preferred Stock · Common Stock · AdditionalPaid-in Capital · TreasuryStock · AccumulatedDeficit · Total | ||||||||
|---|---|---|---|---|---|---|---|---|
| Number · Amount · Number · Amount | ||||||||
| Balances as of December 31, 2022 | 9,566 | $9,273 | 145,492,971 | $145 | $294,810 | $— | $(186,474) | $117,754 |
| Common stock reacquired in exchange for warrants | — | — | (12,000,000) | (12) | (12,479) | — | — | (12,491) |
| Warrant issuance in conjunction with debt modification | — | — | — | — | 16,036 | — | — | 16,036 |
| Warrant offerings | — | — | — | — | 14,991 | — | — | 14,991 |
| Warrant exercise | — | — | 25,871,539 | 27 | 3,500 | — | — | 3,527 |
| Common stock offering, net of issuance costs | — | — | 99,136,670 | 98 | 132,444 | — | — | 132,542 |
| Convertible promissory notes converted to common stock | — | — | 11,762,956 | 12 | 4,693 | — | — | 4,705 |
| Common stock issued for share based liabilities due to related party | — | — | 2,460,513 | 2 | 14,998 | — | — | 15,000 |
| Stock-based compensation expense and issuance of stock | — | — | 5,586,736 | 5 | 5,854 | — | — | 5,859 |
| Tax withholdings related to net share settlements of stock-based compensation awards | — | — | (1,578,056) | — | (2,013) | — | — | (2,013) |
| Net loss | — | — | — | — | — | — | (73,421) | (73,421) |
| Balances as of December 31, 2023 | 9,566 | $9,273 | 276,733,329 | $277 | $472,834 | $— | $(259,895) | $222,489 |
| Cumulative effect of change in accounting principle (See Note 2) | — | — | — | — | — | — | 37 | 37 |
| Warrant exercise | — | — | 31,853,909 | 32 | 4,776 | — | — | 4,808 |
| Common stock offering, net of issuance costs | — | — | 67,368,125 | 67 | 189,146 | — | — | 189,213 |
| Common stock issued for share based liabilities due to related party | — | — | 1,083,189 | 1 | 2,499 | — | — | 2,500 |
| Common stock issued for new ground lease to related party | — | — | 20,000,000 | 20 | 68,740 | — | — | 68,760 |
| Purchase of capped call | — | — | — | — | (60,000) | — | — | (60,000) |
| Treasury stock repurchased | — | — | — | — | — | (118,217) | — | (118,217) |
| Stock-based compensation expense and issuance of stock | — | — | 12,241,621 | 7 | 30,920 | — | — | 30,927 |
| Tax withholdings related to net share settlements of stock-based compensation awards | — | — | (5,057,145) | — | (23,654) | — | — | (23,654) |
| Net loss | — | — | — | — | — | — | (72,418) | (72,418) |
| Balances as of December 31, 2024 | 9,566 | $9,273 | 404,223,028 | $404 | $685,261 | $(118,217) | $(332,276) | $244,445 |
| Conversion of preferred stock to common stock | (9,566) | (9,273) | 1,356,738 | 1 | 9,260 | — | — | (12) |
| Warrant exercise | — | — | 6,166,231 | 6 | 5,680 | — | — | 5,686 |
| Common stock issued for share based liabilities due to related party | — | — | 798,319 | 1 | 2,374 | — | — | 2,375 |
| Common stock issued as consideration for business acquisition | — | — | 7,968,852 | 8 | 39,339 | — | — | 39,347 |
| Common stock issued for Cayuga lease to related party | — | — | 18,554,688 | 19 | 110,274 | — | — | 110,293 |
|---|---|---|---|---|---|---|---|---|
| 2031 Convertible Notes conversion feature | — | — | — | — | 511,191 | — | — | 511,191 |
| Purchase of capped call | — | — | — | — | (100,600) | — | — | (100,600) |
| Treasury stock repurchased | — | — | — | — | — | (33,292) | — | (33,292) |
| Stock-based compensation expense and issuance of stock | — | — | 10,033,634 | 5 | 50,904 | — | — | 50,909 |
| Tax withholdings related to net share settlements of stock-based compensation awards | — | — | (4,566,796) | — | (28,481) | — | — | (28,481) |
| Net loss | — | — | — | — | — | — | (661,416) | (661,416) |
| Balances as of December 31, 2025 | — | $— | 444,534,694 | $444 | $1,285,202 | $(151,509) | $(993,692) | $140,445 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.