Below are the financial statements of Terawulf, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 as of 2024-12-31 | 2023 as of 2023-12-31 |
|---|---|---|
| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 274,065a | 54,439a |
| Digital currency | 476a | 1,801a |
| Prepaid expenses | 2,493a | 4,540a |
| Other receivables | 3,799a | 1,001a |
| Other current assets | 598a | 806a |
| Total current assets | 281,431a | 62,587a |
| Equity in net assets of investee | 0a | 98,613a |
| Property, plant and equipment, net | 411,869a | 205,284a |
| Operating lease right-of-use asset | 85,898a | 10,943a |
| Finance lease right-of-use asset | 7,285a | 0a |
| Other assets | 1,028a | 679a |
| Total assets | 787,511a | 378,106a |
| Liabilities and stockholders' equity | — | — |
| Current liabilities | — | — |
| Accounts payable | 24,382a | 15,169a |
| Accrued construction liabilities | 16,520a | 1,526a |
| Accrued compensation | 4,552a | 4,413a |
| Other accrued liabilities | 4,973a | 4,766a |
| Share based liabilities due to related party | 0a | 2,500a |
| Other amounts due to related parties | 1,391a | 972a |
| Current portion of operating lease liability | 25a | 48a |
| Current portion of finance lease liability | 2a | 0a |
| Insurance premium financing payable | 0a | 1,803a |
| Current portion of long-term debt | 0a | 123,465a |
| Total current liabilities | 51,845a | 154,662a |
| Operating lease liability, net of current portion | 3,427a | 899a |
| Finance lease liability, net of current portion | 292a | 0a |
| Long-term debt | 0a | 56a |
| Convertible notes | 487,502a | 0a |
| Total liabilities | 543,066a | 155,617a |
| Stockholders' equity | — | — |
| Preferred stock | 9,273a | 9,273a |
| Common stock | 404a | 277a |
| Additional paid-in capital | 685,261a | 472,834a |
| Treasury stock at cost | -118,217a | 0a |
| Accumulated deficit | -332,276a | -259,895a |
| Total stockholders' equity | 244,445a | 222,489a |
| Total liabilities and stockholders' equity | 787,511a | 378,106a |
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