| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -427,703 | -126,578 | -455,050 | -18,370 |
| Amortization of debt issuance costs, commitment fees and accretion of debt discount | 13,224 | 15,069 | 5,897 | 608 |
| Related party expense to be settled with respect to common stock | NaN | 0 | 0 | 2,375 |
| Common stock issued for interest expense | NaN | 0 | NaN | NaN |
| Stock-based compensation expense | 101,418 | 6,586 | 4,345 | 1,304 |
| Depreciation | 28,477 | 27,735 | 26,502 | 18,786 |
| Accretion of asset retirement obligations | 168 | NaN | NaN | NaN |
| Amortization of right-of-use asset | 1,871 | 1,854 | 1,167 | 750 |
| Revenue recognized from digital assets mined and hosting services | 12,990 | 26,140 | 43,375 | 47,624 |
| Loss on fair value of digital assets, net | -653 | -967 | 338 | 887 |
| Realized gain on sale of digital assets | NaN | 0 | NaN | NaN |
| Impairment of digital assets | NaN | 0 | NaN | NaN |
| Proceeds from sale of digital assets | NaN | 0 | 0 | 0 |
| Digital assets paid as consideration for services | NaN | 0 | 0 | 0 |
| Change in fair value of contingent consideration | NaN | 0 | 8,797 | 1,600 |
| Impairment of property, plant, and equipment | 25,697 | NaN | 0 | NaN |
| Loss on disposals of property, plant, and equipment, net | NaN | 923 | -1,987 | -3,831 |
| Change in fair value of warrants and derivatives | NaN | -5,151 | -424,642 | NaN |
| Loss on extinguishment of debt | NaN | 0 | 0 | 0 |
| Change in fair value of warrants | -216,325 | NaN | NaN | NaN |
| Deferred income tax provision | 28 | 76 | NaN | NaN |
| Equity in net loss of investee, net of tax | -11,548 | -4,130 | 0 | 0 |
| Gain on sale of equity interest in investee | NaN | 0 | NaN | NaN |
| Loss from discontinued operations, net of tax | NaN | 0 | NaN | NaN |
| Increase in accounts receivable | 4,503 | -2,138 | 2,508 | 544 |
| Increase in prepaid expenses | 14,301 | 3,317 | 16 | 953 |
| Decrease (increase) in other receivables | NaN | -5,014 | 3,885 | -632 |
| Increase in other current assets | 9,134 | 10,565 | -250 | 370 |
| Decrease in deferred charges | -114 | -55 | 57,462 | NaN |
| Increase in other assets | -5,807 | 632 | -7,500 | 0 |
| Increase in accounts payable | 4,315 | 2,413 | -6,006 | -13,489 |
| Increase in accrued lessor costs | NaN | -15,188 | 42,813 | NaN |
| Increase in accrued interest and other current liabilities | 52,548 | 39,073 | 3,061 | -3,276 |
| Increase (decrease) in other amounts due to related parties | 259 | 55 | 130 | 240 |
| Increase in deferred revenue | NaN | NaN | NaN | 687 |
| (decrease) increase in deferred rent liability | -10,751 | -4,688 | -3,843 | 0 |
| Decrease in operating lease liability | -499 | -482 | -256 | -37 |
| Decrease in other liabilities | -162 | -9,974 | 9,649 | -73 |
| Net cash (used in) provided by operating activities from continuing operations | NaN | -123,180 | NaN | NaN |
| Net cash provided by operating activities from discontinued operations | NaN | 0 | NaN | NaN |
| Net cash (used in) provided by operating activities | -17,591 | -88,171 | -36,686 | -54,810 |
| Investments in joint venture, including direct payments made on behalf of joint venture | NaN | 450,000 | NaN | NaN |
| Proceeds from sale of equity interest in investee | NaN | 0 | NaN | NaN |
| Purchase of and deposits on plant and equipment | 522,954 | 614,990 | 231,570 | 119,942 |
| Proceeds from sales of plant and equipment | NaN | NaN | 6,946 | 1,882 |
| Proceeds from sales of property, plant and equipment | NaN | 11,648 | NaN | NaN |
| Acquisitions, net of cash acquired | NaN | 0 | 19,000 | 2,731 |
| Cash paid for asset acquisition | 201,350 | NaN | NaN | NaN |
| Proceeds from sale of digital assets | 11,481 | 25,552 | 43,393 | 49,759 |
| Net cash used in investing activities | -712,823 | -1,036,618 | -200,231 | -71,032 |
| Proceeds from issuance of long-term debt, net of issuance costs paid of 67,062, 0 and 0 | NaN | 3,132,938 | NaN | NaN |
| Principal payments on long-term debt | NaN | 0 | 0 | 0 |
| Payments of prepayment fees associated with early extinguishment of long-term debt | NaN | 0 | 0 | 0 |
| Proceeds from issuance of convertible notes, net of issuance costs paid of 51,246, 12,950, and 0 | NaN | 1,973,755 | NaN | NaN |
| Proceeds from issuance of convertible promissory note | NaN | -975,329 | 975,329 | NaN |
| Payments of debt issuance costs | NaN | NaN | 1,098 | NaN |
| Principal payments on finance lease | NaN | 1 | 9,158 | NaN |
| Proceeds from insurance premium and property, plant and equipment financing | NaN | 0 | 0 | NaN |
| Principal payments on insurance premium and property, plant and equipment financing | NaN | 0 | 0 | 0 |
| Payment for settlement of preferred stock conversion | NaN | 0 | 12 | NaN |
| Proceeds from issuance of short-term debt, net of issuance costs paid of 7,250 and 0 | 92,750 | NaN | NaN | NaN |
| Proceeds from issuance of common stock, net of issuance costs paid of 0 and 0 | 8,956 | 0 | 0 | 0 |
| Proceeds from exercise of warrants | 3,983 | 2,557 | 3,129 | 0 |
| Purchase of capped call | NaN | 0 | 100,600 | NaN |
| Purchase of treasury stock | 0 | 0 | 0 | 0 |
| Payment of contingent value rights liability related to proceeds from sale of net assets held for sale | NaN | 0 | NaN | NaN |
| Payments of tax withholding related to net share settlements of stock-based compensation awards | 5,307 | 208 | 9,337 | 902 |
| Net cash provided by (used in) financing activities | 100,382 | 4,134,810 | 858,253 | -902 |
| Net change in cash and cash equivalents | -630,032 | 3,010,021 | 621,336 | -126,744 |
| Cash, cash equivalents and restricted cash at beginning of period | 3,722,775 | 712,754 | 91,418 | 218,162 |
| Cash, cash equivalents and restricted cash at end of period | 3,092,743 | 3,722,775 | 712,754 | 91,418 |
TERAWULF INC. (WULF)
TERAWULF INC. (WULF)