v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS OPERATIONS - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Digital asset revenue $ 12,990,000 $ 34,405,000
HPC lease revenue 21,022,000 0
Total revenue 34,012,000 34,405,000
Costs and expenses:    
Cost of revenue (exclusive of depreciation shown below) 2,361,000 24,553,000
Depreciation 28,477,000 15,574,000
Loss on fair value of digital assets, net 653,000 870,000
Impairment of property, plant, and equipment 25,697,000 0
Total costs and expenses 196,154,000 94,033,000
Operating loss (162,142,000) (59,628,000)
Interest expense (67,071,000) (4,049,000)
Change in fair value of warrants (216,325,000) 0
Interest income 29,411,000 2,259,000
Loss before income tax and equity in net loss of investee (416,127,000) (61,418,000)
Income tax provision (28,000) 0
Equity in net loss of investee, net of tax (11,548,000) 0
Net loss (427,703,000) (61,418,000)
Less: net loss attributable to noncontrolling interests (69,000) 0
Net loss attributable to TeraWulf Inc $ (427,634,000) $ (61,418,000)
Loss per common share:    
Basic (in dollars per share) $ (1.01) $ (0.16)
Diluted (in dollars per share) $ (1.01) $ (0.16)
Weighted average common shares outstanding:    
Basic (in shares) 422,999,671 383,149,511
Diluted (in shares) 422,999,671 383,149,511
Nonrelated Party    
Costs and expenses:    
Operating expenses $ 9,016,000 $ 1,144,000
Selling, general and administrative expenses 127,605,000 46,573,000
Related Party    
Costs and expenses:    
Operating expenses 2,186,000 1,748,000
Selling, general and administrative expenses $ 159,000 $ 3,571,000

Source

10-Q XBRL Zip