TeraWulf Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission, reporting condensed consolidated financial results and balance sheet data as of that date.

Key Highlights

  • Total assets: $8,150,702 thousand as of September 30, 2026, up from $6,558,182 thousand as of December 31, 2025, according to the filing.
  • Cash and cash equivalents: $1,602,127 thousand as of September 30, 2026, compared to $3,266,389 thousand at December 31, 2025.
  • Property, plant and equipment, net: $4,580,681 thousand as of September 30, 2026, up from $1,507,699 thousand at December 31, 2025.
  • Warrant liabilities: $1,088,248 thousand as of September 30, 2026, compared to $844,698 thousand at December 31, 2025.
  • Shares outstanding: 501,521,605 shares of Common Stock as of November 2, 2026, as reported on the cover page.
  • Receivable for sale of equity in net assets of investee: $272,762 thousand as of September 30, 2026, with no comparable balance at December 31, 2025.
  • Large accelerated filer status: The registrant is designated as a large accelerated filer, as indicated on the cover page.

TeraWulf Balance Sheet Expansion and Key Financial Positions, September 30, 2026

TeraWulf Inc. (NASDAQ:WULF), a bitcoin mining and high-performance computing data center company incorporated in Delaware and headquartered in Easton, Maryland, filed its quarterly report covering the period ended September 30, 2026. The filing presents unaudited condensed consolidated financial statements for the company and its subsidiaries.

According to the filing, total assets grew to $8,150,702 thousand as of September 30, 2026, from $6,558,182 thousand at December 31, 2025. The most significant contributor to this increase was property, plant and equipment, net, which the filing reports at $4,580,681 thousand, more than triple the $1,507,699 thousand reported at year-end 2025. Cash and cash equivalents declined to $1,602,127 thousand from $3,266,389 thousand over the same period. Restricted cash, both current and long-term combined, stood at $753,193 thousand as of September 30, 2026, compared to $456,386 thousand at December 31, 2025.

On the liabilities side, the filing discloses accrued construction liabilities of $329,054 thousand, up from $102,582 thousand at year-end, and accounts payable of $237,710 thousand versus $65,139 thousand at December 31, 2025. Warrant liabilities increased to $1,088,248 thousand from $844,698 thousand. The filing also notes that equity in net assets of investee, which carried a balance of $446,008 thousand at December 31, 2025, is reported at zero as of September 30, 2026, with a corresponding receivable for sale of equity in net assets of investee of $272,762 thousand appearing among current assets. The filing references operations across the Lake Mariner Data Campus, Justified Data Campus, and Muskie Data Campus.

What Was Disclosed

TeraWulf's 10-Q for the quarter ended September 30, 2026 disclosed unaudited condensed consolidated balance sheet data showing total assets of $8,150,702 thousand, a sharp increase in property assets, reduced cash, higher construction liabilities, and 501,521,605 shares outstanding as of November 2, 2026.