TeraWulf Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	3,266	274.07	54.44	1.28	43.45
Cash & Short-Term Investments	3,266	274.07	54.44	1.28	43.45
Cash Growth	1091.83%	403.44%	4156.37%	-97.06%	589.65%
Accounts Receivable	1.21	0.48	-	-	-
Other Receivables	3.4	3.8	1	-	0.65
Receivables	4.61	4.27	1	-	0.65
Prepaid Expenses	6.27	2.49	4.54	5.1	1.49
Restricted Cash	189.93	-	-	7.04	3.01
Other Current Assets	11.07	0.6	2.61	0.73	19.46
Total Current Assets	3,478	281.43	62.59	14.14	68.05
Property, Plant & Equipment	1,731	451.14	179.76	145.84	21.91
Long-Term Investments	446.01	-	98.61	98.74	104.28
Goodwill	55.46	-	-	-	-
Long-Term Deferred Charges	572.89	-	-	-	-
Other Long-Term Assets	274.54	54.94	37.15	58.96	70.67
Total Assets	6,558	787.51	378.11	317.69	264.91
Accounts Payable	65.14	24.38	15.17	21.86	11.79
Accrued Expenses	126.95	9.53	11.68	29.55	16.27
Short-Term Debt	489.77	-	1.8	5.53	-
Current Portion of Long-Term Debt	46.32	-	123.47	51.94	-
Current Portion of Leases	2.02	0.03	0.05	0.04	0.09
Other Current Liabilities	1,006	17.91	2.5	17.1	17.71
Total Current Liabilities	1,736	51.85	154.66	126.02	45.86
Long-Term Debt	4,635	487.5	0.06	72.97	94.63
Long-Term Leases	22.6	3.72	0.9	0.95	0.99
Long-Term Deferred Tax Liabilities	0.08	-	-	-	0.26
Other Long-Term Liabilities	24.19	-	-	-	-
Total Liabilities	6,418	543.07	155.62	199.93	141.73
Common Stock	0.44	0.4	0.28	0.15	0.1
Additional Paid-In Capital	1,285	685.26	472.83	294.81	218.76
Retained Earnings	-993.69	-332.28	-259.9	-186.47	-95.68
Treasury Stock	-151.51	-118.22	-	-	-
Total Common Equity	140.45	235.17	213.22	108.48	123.18
Shareholders' Equity	140.45	244.45	222.49	117.75	123.18
Total Liabilities & Equity	6,558	787.51	378.11	317.69	264.91
Total Debt	5,196	491.25	126.27	131.43	95.71
Net Cash (Debt)	-1,929	-217.18	-71.83	-130.15	-52.26
Net Cash Per Share	-4.85	-0.62	-0.34	-1.18	-0.61
Filing Date Shares Outstanding	424.07	383.14	302.24	186.27	100.7
Total Common Shares Outstanding	420.07	385.65	276.73	145.49	99.98
Working Capital	1,742	229.59	-92.08	-111.88	22.2
Book Value Per Share	0.33	0.61	0.77	0.75	1.23
Tangible Book Value	84.99	235.17	213.22	108.48	123.18
Tangible Book Value Per Share	0.20	0.61	0.77	0.75	1.23
Machinery	305.38	224.79	116.37	78.32	0.02
Construction In Progress	1,069	107.62	24.58	32.36	20.87
Leasehold Improvements	265.01	91.61	62.85	29.88	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.