For the year ending 2025-12-31, WULF has $6,558,182K in assets. $6,417,737K in debts. $3,266,389K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | 3,266,389 | 274,065 | 54,439 | 1,279 |
| Restricted cash | 189,933 | - | 0 | 7,044 |
| Accounts receivable | 1,212 | - | - | - |
| Digital currency, net | - | - | 1,801 | 183 |
| Digital assets | 270 | 476 | - | - |
| Prepaid expenses | 6,272 | 2,493 | 4,540 | 5,095 |
| Other receivables | 3,395 | 3,799 | 1,001 | - |
| Other current assets | 10,802 | 598 | 806 | 543 |
| Total current assets | 3,478,273 | 281,431 | 62,587 | 14,144 |
| Property, plant and equipment, net | 1,507,699 | 411,869 | 205,284 | 191,521 |
| Equity in net assets of investee | 446,008 | 0 | 98,613 | 98,741 |
| Goodwill | 55,457 | - | - | - |
| Operating lease right-of-use asset | 103,975 | 85,898 | 10,943 | 11,944 |
| Finance lease right-of-use asset | 119,338 | 7,285 | - | - |
| Restricted cash | 266,453 | - | - | - |
| Deferred charges | 572,888 | - | - | - |
| Other assets | 8,091 | 1,028 | 679 | 1,337 |
| Total assets | 6,558,182 | 787,511 | 378,106 | 317,687 |
| Accounts payable | 65,139 | 24,382 | 15,169 | 21,862 |
| Accrued construction liabilities | 102,582 | 16,520 | 1,526 | 2,903 |
| Accrued compensation | 1,717 | 4,552 | - | - |
| Accrued interest | 52,775 | - | - | - |
| Accrued lessor costs | 27,625 | - | - | - |
| Other accrued liabilities | 44,828 | 4,973 | 9,179 | 14,963 |
| Share based liabilities due to related party | - | 0 | 2,500 | 14,583 |
| Other amounts due to related parties | 200 | 1,391 | 972 | 3,295 |
| Contingent value rights | - | - | 0 | 10,900 |
| Current portion of deferred rent liability | 58,184 | - | - | - |
| Current portion of operating lease liability | 2,015 | 25 | 48 | 42 |
| Current portion of finance lease liability | 2 | 2 | - | - |
| Insurance premium financing payable | - | 0 | 1,803 | 2,117 |
| Warrant liabilities | 844,698 | - | - | - |
| Convertible promissory notes | - | - | 0 | 3,416 |
| Current portion of long-term debt | 46,316 | 0 | 123,465 | 51,938 |
| Short-term convertible notes | 489,767 | - | - | - |
| Total current liabilities | 1,735,848 | 51,845 | 154,662 | 126,019 |
| Deferred rent liability, net of current portion | 23,285 | - | - | - |
| Operating lease liability, net of current portion | 22,309 | 3,427 | 899 | 947 |
| Finance lease liability, net of current portion | 289 | 292 | - | - |
| Long-term debt | 3,052,240 | 0 | - | - |
| Convertible notes | 1,582,788 | 487,502 | - | - |
| Deferred tax liabilities | 76 | - | - | - |
| Long-term debt | - | - | 56 | 72,967 |
| Other liabilities | 902 | - | - | - |
| Total liabilities | 6,417,737 | 543,066 | 155,617 | 199,933 |
| Preferred stock, 0.001 par value, 100,000,000 authorized at december31, 2024 and 2023 9,566 shares issued and outstanding at december31, 2024 and 2023 aggregate liquidation preference of 12,609 and 11,423 at december31, 2024 and 2023, respectively | - | 9,273 | 9,273 | 9,273 |
| Common stock, 0.001 par value, 950,000,000 and 600,000,000 authorized at december31, 2025 and 2024, respectively 444,534,694 and 404,223,028 issued at december31, 2025 and 2024, respectively 420,065,944 and 385,654,278 outstanding at december31, 2025 and 2024, respectively | 444 | 404 | 277 | 145 |
| Additional paid-in capital | 1,285,202 | 685,261 | 472,834 | 294,810 |
| Treasury stock at cost, 24,468,750 and 18,568,750 at december31, 2025 and 2024, respectively | 151,509 | 118,217 | - | - |
| Accumulated deficit | -993,692 | -332,276 | -259,895 | -186,474 |
| Total stockholders' equity | 140,445 | 244,445 | 222,489 | 117,754 |
| Total liabilities and stockholders' equity | 6,558,182 | 787,511 | 378,106 | 317,687 |
TERAWULF INC. (WULF)
TERAWULF INC. (WULF)