Terawulf Balance Sheet (2009-2025) | WULF

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Balance Sheet	Mar2009	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025
Assets
Current Assets
Cash & Equivalents	1.23M	0.88M	0.98M	1.30M	1.42M	1.07M	0.46M	1.29M	0.75M			0.97M	1.99M	1.54M	2.25M	0.97M	0.52M	1.27M	1.18M	1.70M	2.14M	1.13M	2.20M	2.25M	1.94M	2.37M	3.04M	2.25M	1.07M	0.80M	0.92M	1.05M	0.61M	1.24M	2.00M	0.93M	1.16M	1.36M	1.56M	1.62M	0.62M	0.30M	0.76M	0.96M	1.61M	2.98M	3.50M	3.69M	6.30M	2.26M	1.50M	43.45M	12.14M	11.86M	10.59M	7.04M	16.98M	8.24M	6.59M	54.44M	45.82M	104.11M	23.94M	274.10M	218.16M	90.00M	711.32M
Short-term Investments		-0.60M	-0.60M	-1.00M	-0.20M	-1.21M	2.21M	2.22M	-0.81M	2.23M	2.03M	1.84M	1.64M	1.65M	1.65M	1.44M	1.44M	0.83M	1.81M	1.46M	1.26M	2.02M	1.80M	1.77M	1.86M	1.21M	0.23M			3.40M	3.40M	3.25M	3.34M	2.90M	1.92M	2.90M	2.67M	2.92M	2.69M	2.69M	2.94M	2.94M	2.45M	2.21M	0.98M
Cash & Current Investments	1.23M	0.28M	0.38M	0.30M	1.21M	-0.14M	2.67M	3.51M	-0.06M	2.23M	2.03M	2.80M	3.63M	3.18M	3.90M	2.41M	1.96M	2.10M	2.99M	3.17M	3.40M	3.15M	4.00M	4.01M	3.80M	3.57M	3.26M	2.25M	1.07M	4.20M	4.32M	4.29M	3.95M	4.14M	3.92M	3.82M	3.84M	4.28M	4.25M	4.32M	3.56M	3.24M	3.21M	3.17M	2.59M	2.98M	3.50M	3.69M	6.30M	2.26M	1.50M	43.45M	12.14M	11.86M	10.59M	7.04M	16.98M	8.24M	6.59M	54.44M	45.82M	104.11M	23.94M	274.10M	218.16M	90.00M	711.32M
Receivables - Net	0.22M	0.02M	-0.02M	0.06M	-0.03M	-0.04M	-0.17M	1.88M	-0.07M	2.23M	2.27M	2.18M	2.22M	2.42M	2.27M	2.06M	2.18M	2.38M	1.90M	2.05M	2.21M	2.24M	2.05M	2.10M	1.75M	2.15M	2.28M	2.17M	2.22M	1.81M	2.15M	2.34M	1.93M	2.07M	1.64M	2.19M	2.03M	1.87M	1.98M	2.22M	1.82M	2.22M	2.21M	2.43M	1.76M	1.41M	1.42M	2.12M	1.55M	1.65M	1.88M								2.72M	1.00M	1.67M	2.55M	4.38M	3.80M	5.10M	4.52M	8.41M
Receivables - Other																																																				0.65M
Receivables	0.22M	0.02M	-0.02M	0.06M	-0.03M	-0.04M	-0.17M	1.88M	-0.07M	2.23M	2.27M	2.18M	2.22M	2.42M	2.27M	2.06M	2.18M	2.38M	1.90M	2.05M	2.21M	2.24M	2.05M	2.10M	1.75M	2.15M	2.28M	2.17M	2.22M	1.81M	2.15M	2.34M	1.93M	2.07M	1.64M	2.19M	2.03M	1.87M	1.98M	2.22M	1.82M	2.22M	2.21M	2.43M	1.76M	1.41M	1.42M	2.12M	1.55M	1.65M	1.88M								2.72M	1.00M	1.67M	2.55M	4.38M	3.80M	5.10M	4.52M	8.41M
Raw Materials												1.81M				2.07M	2.35M	1.93M	2.06M	1.95M	2.13M	2.14M	2.10M	2.02M	2.08M	1.85M	1.89M	1.64M	1.84M	1.68M	1.61M	1.44M	1.56M	1.63M	1.73M	1.43M	1.56M	1.62M	1.64M	1.77M	2.13M	1.79M	1.75M	1.67M	1.44M	1.51M	1.48M	1.32M	1.34M	1.29M	1.49M
Work In Process												0.34M				0.37M	0.38M	0.43M	0.41M	0.39M	0.36M	0.44M	0.52M	0.41M	0.44M	0.42M	0.39M	0.38M	0.40M	0.38M	0.36M	0.36M	0.37M	0.38M	0.41M	0.42M	0.36M	0.43M	0.38M	0.37M	0.39M	0.45M	0.42M	0.42M	0.46M	0.48M	0.45M	0.43M	0.45M	0.40M	0.36M
Finished Goods												1.30M				1.48M	1.48M	1.32M	1.30M	1.46M	1.66M	1.33M	1.36M	1.52M	1.54M	1.40M	1.27M	1.34M	1.23M	1.33M	1.26M	1.32M	1.44M	1.40M	1.57M	1.42M	1.63M	1.62M	1.49M	1.20M	1.63M	1.60M	1.75M	1.45M	2.02M	2.01M	1.52M	1.07M	1.36M	1.14M	1.10M
Inventory	0.25M	0.09M	0.08M	0.04M	0.07M	0.05M	2.34M	2.20M	2.77M	2.58M	2.31M	2.23M	2.41M	2.69M	2.58M	2.68M	2.97M	2.43M	2.52M	2.55M	2.89M	2.63M	2.69M	2.63M	2.74M	2.36M	2.28M	2.12M	2.25M	2.22M	2.08M	1.99M	2.23M	2.28M	2.55M	2.09M	2.37M	2.47M	2.27M	2.05M	2.84M	2.51M	2.57M	2.18M	2.59M	2.68M	2.16M	1.64M	1.96M	1.61M	1.65M
Current Deferred Tax Assets	0.04M	0.04M	0.04M	0.16M	0.16M	0.16M	0.16M	0.16M	0.17M	0.16M	0.16M	0.14M	0.14M	0.14M	0.14M	0.14M	0.14M	0.14M	0.14M	0.15M	0.15M	0.15M	0.15M	0.18M	0.18M	0.18M	0.18M	0.20M
Prepaid Assets	-0.04M	0.09M	0.10M	0.06M	-0.05M	-0.16M	0.09M	0.06M	-0.07M			0.08M				0.12M	0.15M	0.18M	0.14M	0.10M	0.16M	0.14M	0.13M	0.09M	0.27M	0.15M	0.10M	0.09M	0.18M	0.14M	0.18M	0.36M	0.39M	0.15M	0.10M	0.17M	0.19M	0.18M	0.21M	0.38M	0.26M	0.26M	0.95M	0.91M	0.33M	0.16M	0.16M	0.13M	0.01M	0.16M	0.18M	1.49M	5.94M	4.36M	3.14M	5.09M	4.38M	3.47M	2.36M	4.54M	3.97M	2.85M	3.09M	2.49M	4.80M	2.94M	2.96M
Current Assets	5.47M	5.79M	5.92M	6.42M	6.55M	7.14M	7.45M	7.81M	7.98M	8.40M	8.35M	8.40M	8.65M	8.54M	9.05M	7.42M	7.48M	7.25M	7.78M	8.05M	8.82M	8.38M	9.15M	8.86M	9.15M	8.66M	8.28M	6.72M	5.96M	8.50M	8.80M	9.05M	8.78M	8.90M	8.54M	8.27M	8.47M	8.80M	8.72M	8.96M	8.59M	8.42M	8.95M	8.69M	7.51M	7.48M	7.48M	7.80M	6.30M	5.71M	5.21M	68.05M	25.96M	21.57M	16.11M	14.14M	22.22M	14.36M	12.98M	62.59M	54.36M	110.96M	32.41M	281.43M	230.05M	99.11M	729.10M
Non-Current Assets
Construction in Progress																											1.11M	2.49M	3.10M	0.36M	0.40M
Land & Improvements	5.93M	5.91M	5.92M	5.88M	5.89M	5.89M	5.89M	5.89M	5.89M	5.90M	6.00M	5.98M	6.06M	6.06M	6.06M	6.06M	6.09M	6.09M	6.11M	6.12M	6.12M	6.25M	6.25M	6.25M	6.41M	6.50M	6.39M	6.39M	6.37M	9.38M	9.19M	9.19M	9.20M	9.20M	9.20M	9.21M	9.22M	9.37M	9.51M	9.50M	9.50M	9.50M	9.50M	9.56M	9.56M	9.56M	9.56M	9.56M	9.56M	9.56M	9.56M
Property, Plant & Equipment (Net)		-0.07M	-0.10M	-0.09M				5.01M		4.93M	5.41M	5.44M	5.55M	5.52M	5.45M	5.46M	5.53M	5.52M	5.61M	5.63M	5.59M	5.70M	5.55M	5.42M	5.63M	5.66M	6.69M	7.96M	8.57M	9.16M	9.03M	8.91M	8.76M	8.63M	8.47M	8.30M	8.15M	8.23M	8.22M	8.08M	8.03M	7.99M	7.93M	7.92M	7.87M	7.71M	7.55M	7.39M	7.23M	7.08M	6.93M	91.45M	121.87M	154.10M	202.13M	191.52M	159.41M	161.78M	181.29M	205.28M	237.89M	272.05M	283.10M	411.87M	509.89M	604.76M	861.78M
Long-Term Investments																																																				104.28M	123.05M	140.07M	76.73M	98.74M	122.03M	111.45M	105.56M	98.61M	91.87M	85.57M	79.49M
Goodwill																																																																		55.46M	55.46M
Intangibles								0.32M		0.33M	0.33M	0.75M	0.30M	0.30M	0.29M	0.79M	0.33M	0.34M	0.34M	0.50M	0.33M	0.35M	0.35M	0.55M	0.37M	0.33M	0.33M	0.46M	0.34M	0.35M	0.34M	0.49M	0.34M	0.34M	0.35M	0.53M	0.36M	0.37M	0.37M	0.38M	0.37M	0.29M	0.28M	0.27M	0.27M	0.25M	0.25M	0.24M	0.24M	0.25M	0.23M		0.21M	0.65M	0.06M	0.18M	0.12M	0.71M	0.61M	1.80M	2.02M
Goodwill & Intangibles								0.32M		0.33M	0.33M	0.75M	0.30M	0.30M	0.29M	0.79M	0.33M	0.34M	0.34M	0.50M	0.33M	0.35M	0.35M	0.55M	0.37M	0.33M	0.33M	0.46M	0.34M	0.35M	0.34M	0.49M	0.34M	0.34M	0.35M	0.53M	0.36M	0.37M	0.37M	0.38M	0.37M	0.29M	0.28M	0.27M	0.27M	0.25M	0.25M	0.24M	0.24M	0.25M	0.23M		0.21M	0.65M	0.06M	0.18M	0.12M	0.71M	0.61M	1.80M	2.02M					55.46M	55.46M
Other Non-Current Assets																																																	23.70M			19.35M	15.78M	15.20M	2.71M	7.04M	1.42M	0.80M	0.77M	0.68M	0.59M	0.55M	0.71M	1.03M	8.73M	8.80M	572.94M
Non-Current Assets	-5.47M	-5.79M	-5.92M	-6.42M	-6.55M	-7.14M	-7.45M	5.33M	-7.98M	5.26M	5.74M	5.76M	5.85M	5.82M	5.74M	5.77M	5.86M	5.86M	5.95M	5.96M	5.92M	6.05M	5.90M	5.77M	6.00M	5.98M	7.02M	8.29M	8.91M	9.51M	9.37M	9.25M	9.10M	8.97M	8.82M	8.65M	8.51M	8.60M	8.58M	8.46M	8.41M	8.28M	8.22M	8.19M	8.14M	7.97M	7.80M	7.63M	23.70M	7.33M	7.17M	214.80M	260.73M	324.84M	92.44M	154.55M	250.07M	193.87M	182.98M	171.25M	158.95M	146.57M	134.22M	506.08M	611.12M	770.29M	1,725.34M
Assets								13.14M		13.66M	14.09M	14.17M	14.50M	14.35M	14.79M	13.18M	13.34M	13.11M	13.72M	14.00M	14.74M	14.43M	15.04M	14.63M	15.15M	14.64M	15.30M	15.02M	14.88M	18.01M	18.17M	18.30M	17.88M	17.86M	17.36M	16.92M	16.99M	17.41M	17.31M	17.42M	17.00M	16.70M	17.16M	16.88M	15.64M	15.45M	15.27M	15.44M	30.00M	13.04M	12.38M	264.91M	272.84M	319.14M	309.87M	317.69M	316.78M	299.82M	311.79M	378.11M	395.39M	479.57M	405.90M	787.51M	841.16M	869.41M	2,454.45M
Liabilities
Current Liabilities
Accounts Payables	-0.05M	-0.03M	-0.19M	-0.18M	0.09M	0.35M	0.39M	0.44M	0.52M	0.46M	0.69M	0.55M	0.83M	0.50M	0.51M	0.59M	0.74M	0.32M	0.66M	0.53M	0.88M	0.51M	0.80M	0.37M	0.86M	0.60M	0.45M	0.42M	0.59M	0.51M	0.75M	0.73M	0.84M	0.87M	0.80M	0.32M	0.61M	0.83M	0.71M	0.65M	0.86M	0.53M	0.77M	0.76M	0.76M	0.32M	0.46M	0.46M	0.04M	1.52M	1.62M	11.79M	9.70M	13.41M	18.28M	21.86M	18.97M	17.30M	19.42M	15.17M	14.31M	8.40M	19.77M	24.38M	54.90M	38.83M	62.28M
Notes Payables																																																					3.15M
Payables	-0.05M	-0.03M	-0.19M	-0.18M	0.09M	0.35M	0.39M	0.44M	0.52M	0.46M	0.69M	0.55M	0.83M	0.50M	0.51M	0.59M	0.74M	0.32M	0.66M	0.53M	0.88M	0.51M	0.80M	0.37M	0.86M	0.60M	0.45M	0.42M	0.59M	0.51M	0.75M	0.73M	0.84M	0.87M	0.80M	0.32M	0.61M	0.83M	0.71M	0.65M	0.86M	0.53M	0.77M	0.76M	0.76M	0.32M	0.46M	0.46M	0.04M	1.52M	1.62M	11.79M	12.85M	13.41M	18.28M	21.86M	18.97M	17.30M	19.42M	15.17M	14.31M	8.40M	19.77M	24.38M	54.90M	38.83M	62.28M
Accumulated Expenses	-0.15M	0.28M	0.23M	-0.00M	-0.12M	0.33M	0.31M	0.28M	0.24M	0.36M	0.32M	0.24M	0.27M	0.20M	0.31M	0.27M	0.28M	0.21M	0.33M	0.27M	0.33M	0.24M	0.37M	0.29M	0.33M	0.25M	0.57M	0.35M	0.40M	0.31M	0.25M	0.39M	0.24M	0.34M	0.24M	0.36M	0.23M	0.34M	0.24M	0.37M	0.24M	0.33M	0.26M	0.38M	0.29M	0.41M	0.36M	0.28M	0.36M	0.47M	0.42M	3.89M	4.53M	3.31M	4.70M	2.90M	0.73M	0.10M	0.72M	4.41M	0.94M	3.03M	5.04M	16.52M	19.53M	20.93M	51.97M
Other Accumulated Expenses	0.10M	0.09M	0.12M	0.10M	0.10M	0.09M	0.13M	0.05M	0.07M	0.06M	0.07M	0.05M	0.13M	0.08M	0.11M	0.08M	0.13M	0.08M	0.10M	0.07M	0.10M	0.07M	0.12M	0.08M	0.30M	0.11M	0.07M	0.03M	0.09M	0.12M	0.10M	0.07M	0.09M	0.09M	0.12M	0.06M	0.11M	0.08M	0.25M	0.16M	0.14M	0.24M	0.94M	0.66M	0.13M	0.11M	0.16M	0.17M	0.26M	0.10M	0.16M	3.77M	8.64M	6.37M	10.29M	14.96M	9.12M	7.88M	6.74M	4.77M	5.49M	7.75M	7.08M	2.41M	6.43M	6.13M	4.22M
Short term Debt																														0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	0.13M	3.29M	3.46M	2.69M	1.44M			12.00M	10.59M	15.44M	34.62M	51.94M	7.00M	36.53M	76.46M	123.47M	99.36M	72.30M				30.00M
Current Leases																																																				0.09M	0.09M	0.09M	0.04M	0.04M	0.04M	0.04M	0.05M	0.05M	0.05M	0.05M	0.05M	0.03M	0.03M	0.62M	1.99M
Current Taxes				0.08M	-0.04M	0.10M	-0.07M	0.01M	-0.01M		0.00M			0.05M	0.09M	0.08M					0.08M
Current Deferred Revenue																																																																	32.00M	47.72M	50.70M
Total Current Liabilities	0.71M	0.81M	0.63M	0.81M	0.74M	0.87M	0.83M	0.78M	0.84M	0.88M	1.09M	0.84M	1.23M	0.82M	1.01M	1.02M	1.15M	0.60M	1.09M	0.87M	1.39M	0.82M	1.29M	0.74M	1.49M	0.95M	1.49M	1.14M	1.18M	1.12M	1.23M	1.31M	1.31M	1.43M	1.28M	0.88M	1.09M	1.38M	1.34M	1.30M	1.37M	1.24M	2.11M	1.93M	1.32M	4.13M	4.43M	3.60M	1.74M	2.09M	2.20M	45.86M	52.94M	97.52M	105.56M	126.02M	56.12M	81.68M	108.48M	154.66M	122.11M	92.42M	32.41M	51.84M	120.93M	151.30M	705.85M
Non-Current Liabilities
Capital Leases																																																																0.29M	0.29M	0.29M	0.29M
Non-Current Debt																														3.14M	3.11M	3.08M	3.04M	3.01M	2.98M	2.95M	2.91M	2.89M	2.85M	2.82M	2.79M	2.76M	2.72M	2.69M	2.65M	0.68M	0.48M					94.63M	97.66M	85.39M	81.51M	72.97M	113.41M	82.40M	48.47M	0.06M	0.05M	0.04M
Convertible Debt																																																																487.50M	488.11M	488.72M	1,060.17M
Non-Current Deffered Revenue																																																																	58.04M	42.30M	35.50M
Liabilities from Discontinued Operations																																																				1.75M	2.44M	2.49M
Non-Current Deferred Tax Liability								0.17M		0.17M	0.17M	0.34M	0.34M	0.34M	0.34M	0.37M	0.43M	0.43M	0.43M	0.53M	0.53M	0.53M	0.53M	0.55M	0.55M	0.55M	0.55M	0.39M	0.39M	0.39M	0.39M	0.45M	0.45M	0.45M	0.45M	0.14M	0.16M	0.16M	0.16M	0.18M	0.18M	0.18M										0.26M	0.26M	0.26M
Operating Leases																																																				0.99M	0.97M	0.95M	0.96M	0.95M	0.94M	0.92M	0.96M	0.90M	0.94M	0.92M	0.91M	3.43M	3.45M	11.87M	24.81M
Other Non-Current Liabilities																																																				12.00M				10.90M										1.23M	371.60M
Total Non-Current Liabilities																												0.39M		3.53M	3.49M	3.52M	3.49M	3.46M	3.43M	3.09M	3.07M	3.04M	3.01M	3.00M	2.97M	2.94M	2.72M	2.69M								129.73M				189.03M	28.28M	27.66M								693.85M	1,835.50M
Total Liabilities								0.95M		1.05M	1.26M	1.18M	1.56M	1.16M	1.35M	1.39M	1.58M	1.03M	1.52M	1.40M	1.91M	1.35M	1.82M	1.29M	2.03M	1.50M	2.03M	1.52M	1.56M	4.65M	4.73M	4.84M	4.80M	4.89M	4.71M	3.97M	4.16M	4.43M	4.35M	4.31M	4.34M	4.18M	4.83M	4.62M	3.97M	4.81M	4.91M	3.60M	1.74M			141.73M	151.83M	184.12M	188.02M	199.93M	170.47M	165.00M	157.86M	155.62M	123.05M	93.33M	33.27M	543.07M	670.79M	695.08M	2,207.10M
Shareholder's Equity
Total Debt																														3.27M	3.24M	3.20M	3.17M	3.14M	3.11M	3.08M	3.04M	3.01M	2.98M	2.95M	2.92M	2.89M	2.85M	2.82M	2.79M	3.97M	3.94M	2.69M	1.44M			106.63M	108.26M	100.83M	116.13M	124.91M	120.41M	118.93M	124.93M	123.52M	99.41M	72.34M				30.00M
Common Equity								12.19M		12.61M	12.84M	12.99M	12.94M	13.19M	13.44M	11.79M	11.76M	12.08M	12.20M	12.60M	12.83M	13.08M	13.22M	13.34M	13.11M	13.15M	13.27M	13.50M	13.31M	13.36M	13.45M	13.46M	13.09M	12.97M	12.65M	12.96M	12.83M	12.98M	12.96M	13.11M	12.66M	12.52M	12.33M	12.26M	11.67M	10.64M	10.36M	11.84M	28.27M	10.95M	10.18M	123.18M	121.01M	135.02M	121.90M	117.75M	146.31M	134.82M	153.93M	222.49M	272.34M	386.24M	372.63M	244.44M	170.38M	174.33M	247.34M
Shareholder's Equity	11.42M	11.52M	10.82M	11.03M	11.18M	11.57M	11.85M	12.19M	12.29M	12.61M	12.84M	12.99M	12.94M	13.19M	13.44M	11.79M	11.76M	12.08M	12.20M	12.60M	12.83M	13.08M	13.22M	13.34M	13.11M	13.15M	13.27M	13.50M	13.31M	13.36M	13.45M	13.46M	13.09M	12.97M	12.65M	12.96M	12.83M	12.98M	12.96M	13.11M	12.66M	12.52M	12.33M	12.26M	11.67M	10.64M	10.36M	11.84M	28.27M	10.95M	10.18M	123.18M	121.01M	135.02M	121.90M	117.75M	146.31M	134.82M	153.93M	222.49M	272.34M	386.24M	372.63M	244.44M	170.38M	174.33M	247.34M
Liabilities and Shareholders Equity								13.14M		13.66M	14.09M	14.17M	14.50M	14.35M	14.79M	13.18M	13.34M	13.11M	13.72M	14.00M	14.74M	14.43M	15.04M	14.63M	15.15M	14.64M	15.30M	15.02M	14.88M	18.01M	18.17M	18.30M	17.88M	17.86M	17.36M	16.92M	16.99M	17.41M	17.31M	17.42M	17.00M	16.70M	17.16M	16.88M	15.64M	15.45M	15.27M	15.44M	30.00M	13.04M	12.38M	264.91M	272.84M	319.14M	309.87M	317.69M	316.78M	299.82M	311.79M	378.11M	395.39M	479.57M	405.90M	787.51M	841.16M	869.41M	2,454.45M
Treasury Shares								0.00M				270.00										0.00M												0.00M		0.03M						0.00M	0.01M	0.01M				0.05M	0.06M	0.09M	0.09M			1.93M	1.93M	1.93M	10.81M	9.37M	6.42M		11.59M	6.94M	4.24M	18.57M	24.47M	24.47M	24.47M
Retained Earnings	9.03M	9.14M	8.43M	8.63M	8.78M	9.12M	9.40M	9.73M	9.77M	10.08M	10.29M	10.43M	10.37M	10.61M	10.84M	9.12M	9.04M	9.33M	9.45M	9.81M	10.01M	10.21M	10.35M	10.46M	10.23M	10.25M	10.37M	10.59M	10.40M	10.44M	10.52M	10.53M	10.15M	10.03M	9.74M	10.05M	9.92M	10.06M	10.04M	10.19M	9.73M	9.60M	9.42M	9.34M	8.75M	7.71M	7.43M	8.90M	-1.68M	7.85M	7.00M	-95.68M	-113.91M	-127.82M	-162.10M	-186.47M	-212.73M	-230.30M	-249.40M	-259.89M	-269.50M	-280.35M	-303.08M	-332.28M	-393.69M	-412.06M	-867.11M
Preferred Shares																																																					9.27M	9.56M	9.80M	9.27M	9.27M	9.27M	9.27M	9.27M	9.27M	9.27M	9.27M	9.27M	9.27M	9.27M	9.27M

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Terawulf Balance Sheet (2009-2025) | WULF

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