| Balance Sheets | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 711,315 | 89,993 | 218,162 | 23,938 |
| Accounts receivable | 3,506 | 1,172 | - | - |
| Digital assets | 492 | 0 | 1,400 | 297 |
| Prepaid expenses | 2,955 | 2,939 | 4,799 | 3,091 |
| Other receivables | 8,409 | 4,524 | 5,101 | 4,383 |
| Other current assets | 2,427 | 487 | 585 | 706 |
| Total current assets | 729,104 | 99,115 | 230,047 | 32,415 |
| Equity in net assets of investee | - | - | - | 79,494 |
| Property, plant and equipment, net | 861,778 | 604,760 | 509,888 | 283,098 |
| Goodwill | 55,457 | 55,457 | - | - |
| Operating lease right-of-use asset | 105,067 | 92,735 | 85,299 | 10,188 |
| Finance lease right-of-use asset | 120,100 | 7,114 | 7,200 | - |
| Restricted cash | 1,439 | 1,425 | - | - |
| Deferred charges | 572,943 | - | - | - |
| Other assets | 8,557 | 8,802 | 8,728 | 710 |
| Total assets | 2,454,445 | 869,408 | 841,162 | 405,905 |
| Accounts payable | 62,281 | 38,834 | 54,901 | 19,770 |
| Accrued construction liabilities | 51,971 | 20,929 | 19,526 | 5,040 |
| Accrued compensation | 6,216 | 4,078 | 1,512 | - |
| Accrued interest | 6,868 | 2,292 | 5,997 | - |
| Accrued lessor costs | 42,813 | - | - | - |
| Other accrued liabilities | 4,217 | 6,135 | 6,432 | 7,080 |
| Share based liabilities due to related party | - | - | - | 0 |
| Share based liability due to related party | 10,747 | - | - | - |
| Other amounts due to related parties | 145 | 15 | 571 | 472 |
| Deferred revenue | - | 687 | - | - |
| Contingent consideration liabilities | - | 30,000 | - | - |
| Current portion of deferred rent liability | 50,653 | 47,716 | 31,960 | - |
| Current portion of operating lease liability | 1,993 | 616 | 26 | 53 |
| Insurance premium financing payable | - | - | - | 0 |
| Current portion of finance lease liability | 2 | 2 | 2 | - |
| Current portion of long-term debt | - | - | - | 0 |
| Current portion of warrant liabilities | 467,945 | - | - | - |
| Total current liabilities | 705,851 | 151,304 | 120,927 | 32,415 |
| Deferred rent liability, net of current portion | 35,504 | 42,284 | 58,040 | - |
| Operating lease liability, net of current portion | 22,813 | 11,255 | 3,420 | 859 |
| Finance lease liability, net of current portion | 290 | 290 | 291 | - |
| Convertible notes | 1,060,167 | 488,716 | 488,109 | - |
| Warrant liabilities, net of current portion | 371,603 | - | - | - |
| Long-term debt | - | - | - | 0 |
| Other liabilities | 10,876 | 1,227 | - | - |
| Total liabilities | 2,207,104 | 695,076 | 670,787 | 33,274 |
| Preferred stock, 0.001 par value, 100,000,000 authorized at september30, 2025 and december31, 2024 9,558 and 9,566 issued and outstanding at september30, 2025 and december31, 2024, respectively aggregate liquidation preference of 13,567 and 12,609 at september30, 2025 and december31, 2024, respectively | 9,265 | 9,273 | 9,273 | 9,273 |
| Common stock, 0.001 par value, 950,000,000 and 600,000,000 authorized at september30, 2025 and december31, 2024, respectively 439,214,244 and 404,223,028 issued and outstanding at september30, 2025 and december31, 2024, respectively | 439 | 415 | 408 | 383 |
| Additional paid-in capital | 1,256,260 | 728,217 | 705,897 | 666,055 |
| Treasury stock at cost, 24,468,750 and 18,568,750 at september30, 2025 and december31, 2024, respectively | 151,509 | 151,509 | 151,509 | - |
| Accumulated deficit | -867,114 | -412,064 | -393,694 | -303,080 |
| Total stockholders' equity | 247,341 | 174,332 | 170,375 | 372,631 |
| Total liabilities and stockholders' equity | 2,454,445 | 869,408 | 841,162 | 405,905 |
TERAWULF INC. (WULF)
TERAWULF INC. (WULF)