v3.25.2
Condensed Consolidated Statements Of Equity (Unaudited) - USD ($)
$ in Millions
Total
TeraWulf
Common stock shares
Additional paid-in capital
Accumulated earnings (deficit)
Accumulated other comprehensive income (loss)
Treasury Stock
Non controlling Interest
Non controlling Interest
TeraWulf
Beginning balance (in shares) at Dec. 31, 2023 [1]     59,029,000            
Beginning balance at Dec. 31, 2023 $ 2,534     $ 2,346 $ 134 $ (23)   $ 77  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net Income (Loss) 319       294     25  
Other comprehensive income (loss) (4)         (4)      
Share repurchase (in shares) [1]     (493,000)            
Share repurchases (39)           $ (39)    
Purchase of noncontrolling interest [2] (39)     (15)       (24)  
Cash contributions/ Non-cash distributions (1) $ (12) [3]           (1) $ (12) [3]
Stock-based compensation 8     8          
Ending balance (in shares) at Mar. 31, 2024 [1]     58,536,000            
Ending balance at Mar. 31, 2024 2,766     2,339 428 (27) (39) 65  
Beginning balance (in shares) at Dec. 31, 2023 [1]     59,029,000            
Beginning balance at Dec. 31, 2023 2,534     2,346 134 (23)   77  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net Income (Loss) 777                
Other comprehensive income (loss) (6)         (6)      
Ending balance (in shares) at Jun. 30, 2024 [1]     53,255,000            
Ending balance at Jun. 30, 2024 2,572     2,092 448 (29) 0 61  
Beginning balance (in shares) at Mar. 31, 2024 [1]     58,536,000            
Beginning balance at Mar. 31, 2024 2,766     2,339 428 (27) (39) 65  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net Income (Loss) 458       454     4  
Other comprehensive income (loss) (2)         (2)      
Share repurchase (in shares) [1]     (5,281,000)            
Share repurchases (622)           (622)    
Retirement of treasury stock 0     (227) (434)   661    
Cash settlement of restricted stock units (28)     (28)          
Cash contributions/ Non-cash distributions [3]   $ (8)             $ (8)
Stock-based compensation 8     8          
Ending balance (in shares) at Jun. 30, 2024 [1]     53,255,000            
Ending balance at Jun. 30, 2024 $ 2,572     2,092 448 (29) 0 61  
Beginning balance (in shares) at Dec. 31, 2024 45,961,910   45,962,000 [4]            
Beginning balance at Dec. 31, 2024 $ 1,387     1,725 (326) (12) 0 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net Income (Loss) (135)       (135)        
Other comprehensive income (loss) 2         2      
Share repurchase (in shares) [4]     (452,000)            
Share repurchases (85)           (85)    
Retirement of treasury stock 0     (18) (67)   85    
Stock-based compensation 11     11          
Ending balance (in shares) at Mar. 31, 2025 [4]     45,510,000            
Ending balance at Mar. 31, 2025 $ 1,180     1,718 (528) (10) 0 0  
Beginning balance (in shares) at Dec. 31, 2024 45,961,910   45,962,000 [4]            
Beginning balance at Dec. 31, 2024 $ 1,387     1,725 (326) (12) 0 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net Income (Loss) (63)                
Other comprehensive income (loss) $ 3         3      
Share repurchase (in shares) (452,130)                
Share repurchases $ (85)                
Ending balance (in shares) at Jun. 30, 2025 45,659,227   45,659,000 [4]            
Ending balance at Jun. 30, 2025 $ 1,246     1,711 (456) (9) 0 0  
Beginning balance (in shares) at Mar. 31, 2025 [4]     45,510,000            
Beginning balance at Mar. 31, 2025 1,180     1,718 (528) (10) 0 0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net Income (Loss) 72       72        
Other comprehensive income (loss) $ 1         1      
Share repurchase (in shares) 0                
Share repurchases $ 0                
Stock-based compensation (in shares) [4]     149,000            
Stock-based compensation $ (7)     (7)          
Ending balance (in shares) at Jun. 30, 2025 45,659,227   45,659,000 [4]            
Ending balance at Jun. 30, 2025 $ 1,246     $ 1,711 $ (456) $ (9) $ 0 $ 0  
[1] Shares in thousands.
[2] Relates to the purchase of remaining equity in Cumulus Digital held by Orion Energy Partners and two former member of Talen senior management.
[3] Relates to distributions of Bitcoin to TeraWulf.
[4] Shares in thousands.