v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
$ in Thousands
Total
Related Party
Nonrelated Party
Total TeraWulf Inc. Stockholders' Equity
Preferred Stock
Common Stock
Common Stock
Related Party
Common Stock
Nonrelated Party
Additional Paid-in Capital
Additional Paid-in Capital
Related Party
Additional Paid-in Capital
Nonrelated Party
Treasury Stock
Accumulated Deficit
Noncontrolling interests
Beginning balance, preferred (in shares) at Dec. 31, 2024         9,566                  
Beginning balance at Dec. 31, 2024 $ 244,445       $ 9,273 $ 404     $ 685,261     $ (118,217) $ (332,276)  
Beginning balance (in shares) at Dec. 31, 2024           404,223,028                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Treasury stock repurchased (33,292)                     (33,292)    
Stock-based compensation expense and issuance of stock (in shares)             798,319 8,136,159            
Stock-based compensation expense and issuance of stock   $ 2,375 $ 39,978       $ 1 $ 5   $ 2,374 $ 39,973      
Common stock issued as consideration for business acquisition (in shares)           5,000,000                
Common stock issued as consideration for business acquisition $ 19,550         $ 5     19,545          
Tax withholdings related to net share settlements of stock-based compensation awards (in shares) (3,557,963)         (3,557,963)                
Tax withholdings related to net share settlements of stock-based compensation awards $ (18,936)               (18,936)          
Net loss (79,788)                       (79,788)  
Ending balance, preferred (in shares) at Jun. 30, 2025         9,566                  
Ending balance at Jun. 30, 2025 174,332       $ 9,273 $ 415     728,217     (151,509) (412,064)  
Ending balance (in shares) at Jun. 30, 2025           414,599,543                
Beginning balance, preferred (in shares) at Dec. 31, 2024         9,566                  
Beginning balance at Dec. 31, 2024 $ 244,445       $ 9,273 $ 404     685,261     (118,217) (332,276)  
Beginning balance (in shares) at Dec. 31, 2024           404,223,028                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Common stock offering, net of issuance costs (in shares)   798,319                        
Ending balance, preferred (in shares) at Dec. 31, 2025 0                          
Ending balance at Dec. 31, 2025 $ 140,445     $ 140,445   $ 444     1,285,202     (151,509) (993,692) $ 0
Ending balance (in shares) at Dec. 31, 2025 420,065,944         444,534,694                
Beginning balance, preferred (in shares) at Mar. 31, 2025         9,566                  
Beginning balance at Mar. 31, 2025 $ 170,375       $ 9,273 $ 408     705,897     (151,509) (393,694)  
Beginning balance (in shares) at Mar. 31, 2025           408,198,263                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Treasury stock repurchased 0                          
Stock-based compensation expense and issuance of stock (in shares)             798,319 860,514            
Stock-based compensation expense and issuance of stock   $ 2,375 $ 1,304       $ 1 $ 1   $ 2,374 $ 1,303      
Common stock issued as consideration for business acquisition (in shares)           5,000,000                
Common stock issued as consideration for business acquisition $ 19,550         $ 5     19,545          
Tax withholdings related to net share settlements of stock-based compensation awards (in shares) (257,553)         (257,553)                
Tax withholdings related to net share settlements of stock-based compensation awards $ (902)               (902)          
Net loss (18,370)                       (18,370)  
Ending balance, preferred (in shares) at Jun. 30, 2025         9,566                  
Ending balance at Jun. 30, 2025 $ 174,332       $ 9,273 $ 415     728,217     (151,509) (412,064)  
Ending balance (in shares) at Jun. 30, 2025           414,599,543                
Beginning balance, preferred (in shares) at Dec. 31, 2025 0                          
Beginning balance at Dec. 31, 2025 $ 140,445     140,445   $ 444     1,285,202     (151,509) (993,692) 0
Beginning balance (in shares) at Dec. 31, 2025 420,065,944         444,534,694                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Noncontrolling interest issued in asset acquisition $ 100,588     99,365         99,365         1,223
Warrant exercise (in shares)           6,717,784                
Warrant exercise 7,038     7,038   $ 7     7,031          
Common stock offering, net of issuance costs (in shares)           65,385,298                
Common stock offering, net of issuance costs 1,199,779     1,199,779   $ 65     1,199,714          
Stock-based compensation expense and issuance of stock (in shares)           12,418,021                
Stock-based compensation expense and issuance of stock $ 185,357     185,357   $ 7     185,350          
Tax withholdings related to net share settlements of stock-based compensation awards (in shares) (6,154,616)         (6,154,616)                
Tax withholdings related to net share settlements of stock-based compensation awards $ (131,539)     (131,539)         (131,539)          
Re-issuance of treasury stock in connection with charitable contribution 14,390     14,390         11,190     3,200    
Net loss $ (1,368,530)     (1,367,551)                 (1,367,551) (979)
Ending balance, preferred (in shares) at Jun. 30, 2026 0                          
Ending balance at Jun. 30, 2026 $ 147,528     147,284   $ 523     2,656,313     (148,309) (2,361,243) 244
Ending balance (in shares) at Jun. 30, 2026 498,932,431         522,901,181                
Beginning balance at Mar. 31, 2026 $ (77,620)     (78,774)   $ 450     1,493,611     (151,509) (1,421,326) 1,154
Beginning balance (in shares) at Mar. 31, 2026           449,519,078                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                            
Warrant exercise (in shares)           3,028,754                
Warrant exercise 3,055     3,055   $ 3     3,052          
Common stock offering, net of issuance costs (in shares)           64,836,000                
Common stock offering, net of issuance costs 1,190,823     1,190,823   $ 64     1,190,759          
Stock-based compensation expense and issuance of stock (in shares)           11,311,714                
Stock-based compensation expense and issuance of stock $ 83,939     83,939   $ 6     83,933          
Tax withholdings related to net share settlements of stock-based compensation awards (in shares) (5,794,365)         (5,794,365)                
Tax withholdings related to net share settlements of stock-based compensation awards $ (126,232)     (126,232)         (126,232)          
Re-issuance of treasury stock in connection with charitable contribution 14,390     14,390         11,190     3,200    
Net loss $ (940,827)     (939,917)                 (939,917) (910)
Ending balance, preferred (in shares) at Jun. 30, 2026 0                          
Ending balance at Jun. 30, 2026 $ 147,528     $ 147,284   $ 523     $ 2,656,313     $ (148,309) $ (2,361,243) $ 244
Ending balance (in shares) at Jun. 30, 2026 498,932,431         522,901,181