2024 Q2 Form 10-Q Financial Statement

#000108330124000103 Filed on May 13, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2023 Q4
Revenue $35.57M $42.43M $23.29M
YoY Change 130.16% 267.93% 143.39%
Cost Of Revenue $13.92M $14.41M $8.932M
YoY Change 172.21% 188.04% 69.2%
Gross Profit $21.66M $28.03M $14.35M
YoY Change 109.38% 329.11% 234.72%
Gross Profit Margin 60.88% 66.05% 61.64%
Selling, General & Admin $11.92M $14.91M $8.788M
YoY Change 102.72% 129.65% -24.31%
% of Gross Profit 55.02% 53.2% 61.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.13M $15.09M $8.265M
YoY Change 119.87% 177.71% 67.04%
% of Gross Profit 65.26% 53.84% 57.58%
Operating Expenses $28.42M $30.34M $18.71M
YoY Change 75.57% 92.62% 7.88%
Operating Profit -$6.765M -$2.316M -$4.356M
YoY Change 15.74% -74.88% -66.63%
Interest Expense -$5.325M $11.05M -$9.277M
YoY Change -163.02% 61.62% 16.14%
% of Operating Profit
Other Income/Expense, Net $447.0K $500.0K $118.0K
YoY Change 727.78%
Pretax Income -$11.64M -$14.89M -$13.83M
YoY Change -18.24% -7.27% -40.99%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$10.88M -$9.613M -$10.80M
YoY Change -37.99% -63.39% -57.14%
Net Earnings / Revenue -30.57% -22.65% -46.39%
Basic Earnings Per Share -$0.03 -$0.03
Diluted Earnings Per Share -$0.03 -$0.03 -$0.04
COMMON SHARES
Basic Shares Outstanding 333.2M shares 302.2M shares 238.2M shares
Diluted Shares Outstanding 340.7M shares 290.6M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $104.1M $45.82M $54.44M
YoY Change 1163.31% 169.79% 4156.37%
Cash & Equivalents $104.1M $45.82M $54.44M
Short-Term Investments
Other Short-Term Assets $505.0K $873.0K $806.0K
YoY Change -73.94% 18.13% 48.43%
Inventory
Prepaid Expenses $2.850M $3.973M $4.540M
Receivables
Other Receivables
Total Short-Term Assets $111.0M $54.36M $62.59M
YoY Change 672.78% 144.63% 342.5%
LONG-TERM ASSETS
Property, Plant & Equipment $272.0M $237.9M $205.3M
YoY Change 68.16% 49.23% 7.19%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $85.57M $91.87M $98.61M
YoY Change -23.22% -24.72% -0.13%
Other Assets $547.0K $586.0K $679.0K
YoY Change -31.45% -58.65% -49.21%
Total Long-Term Assets $368.6M $341.0M $315.5M
YoY Change 29.12% 15.78% 3.95%
TOTAL ASSETS
Total Short-Term Assets $111.0M $54.36M $62.59M
Total Long-Term Assets $368.6M $341.0M $315.5M
Total Assets $479.6M $395.4M $378.1M
YoY Change 59.95% 24.81% 19.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.398M $14.31M $15.17M
YoY Change -51.47% -24.53% -30.61%
Accrued Expenses $10.84M $6.481M $10.75M
YoY Change 35.05% -34.48% -39.95%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due $72.30M $99.36M $123.5M
YoY Change 97.91% 137.72%
Total Short-Term Liabilities $92.42M $122.1M $154.7M
YoY Change 13.14% 117.59% 22.73%
LONG-TERM LIABILITIES
Long-Term Debt $38.00K $47.00K $56.00K
YoY Change -99.95% -99.96% -99.92%
Other Long-Term Liabilities $873.0K $886.0K $899.0K
YoY Change -5.52% -5.34% -5.07%
Total Long-Term Liabilities $38.00K $47.00K $56.00K
YoY Change -99.95% -99.96% -99.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $92.42M $122.1M $154.7M
Total Long-Term Liabilities $38.00K $47.00K $56.00K
Total Liabilities $93.33M $123.0M $155.6M
YoY Change -43.44% -27.82% -22.17%
SHAREHOLDERS EQUITY
Retained Earnings -$280.3M -$269.5M -$259.9M
YoY Change 21.71% 26.7% 39.36%
Common Stock $374.0K $303.0K $277.0K
YoY Change 73.15% 62.9% 91.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $386.2M $272.3M $222.5M
YoY Change
Total Liabilities & Shareholders Equity $479.6M $395.4M $378.1M
YoY Change 59.95% 24.81% 19.02%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income -$10.88M -$9.613M -$10.80M
YoY Change -37.99% -63.39% -57.14%
Depreciation, Depletion And Amortization $14.13M $15.09M $8.265M
YoY Change 119.87% 177.71% 67.04%
Cash From Operating Activities $16.38M $22.85M $10.90M
YoY Change -5615.49% -362.21% -1128.8%
INVESTING ACTIVITIES
Capital Expenditures $46.60M $46.98M $33.78M
YoY Change 676.15% 370.45% 219.64%
Acquisitions
YoY Change
Other Investing Activities $0.00 $9.598M
YoY Change -100.0% -214.14%
Cash From Investing Activities -$46.60M -$46.98M -$24.18M
YoY Change 280.0% 190.53% 27.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 88.50M $15.52M 61.13M
YoY Change 2219.9% -53.74% 267.64%
NET CHANGE
Cash From Operating Activities 16.38M $22.85M 10.90M
Cash From Investing Activities -46.60M -$46.98M -24.18M
Cash From Financing Activities 88.50M $15.52M 61.13M
Net Change In Cash 58.28M -$8.615M 47.84M
YoY Change -766.5% -199.45% -1503.87%
FREE CASH FLOW
Cash From Operating Activities $16.38M $22.85M $10.90M
Capital Expenditures $46.60M $46.98M $33.78M
Free Cash Flow -$30.22M -$24.13M -$22.88M
YoY Change 379.59% 29.06% 96.81%

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50722000 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
26562000 usd
CY2024Q1 wulf Payments Of Stock Issuance Costs To Be Issued
PaymentsOfStockIssuanceCostsToBeIssued
0 usd
CY2023Q1 wulf Payments Of Stock Issuance Costs To Be Issued
PaymentsOfStockIssuanceCostsToBeIssued
56000 usd
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ProceedsFromCommonStockToBeIssued
0 usd
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ProceedsFromCommonStockToBeIssued
4390000 usd
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ProceedsFromIssuanceOfWarrants
0 usd
CY2023Q1 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
2500000 usd
CY2024Q1 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
651000 usd
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PaymentsRelatedToTaxWithholdingForShareBasedCompensation
0 usd
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0 usd
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ProceedsFromConvertibleDebt
1250000 usd
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PaymentsOfContingentValueRightsLiability
0 usd
CY2023Q1 wulf Payments Of Contingent Value Rights Liability
PaymentsOfContingentValueRightsLiability
3899000 usd
CY2024Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
15518000 usd
CY2023Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
29647000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8663000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54439000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8323000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45824000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
16986000 usd
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3726000 usd
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InterestPaidNet
5399000 usd
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0 usd
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IncomeTaxesPaid
0 usd
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2 facility
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3 building
CY2024Q1 wulf Bitcoin Mining Facility Operating Capacity
BitcoinMiningFacilityOperatingCapacity
160 mw
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22800000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45800000 usd
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CY2024Q1 us-gaap Stockholders Equity
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272300000 usd
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8.0 exa_hash_power
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NetProceedsReceived
50700000 usd
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CommonStockParOrStatedValuePerShare
0.001
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<div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:115%">Use of Estimates in the Financial Statements</span></div><div style="margin-bottom:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Estimates are used for (but are not limited to) such items as the fair values of contingent consideration issued in a business combination, the establishment of useful lives for property, plant and equipment and intangible assets, the fair value of equity securities or warrants to purchase common stock issued individually or as a component of a debt or equity offering, the fair value of changes to the conversion terms of embedded conversion features, the fair value and requisite service periods of stock-based compensation, the fair value of assets received in nonmonetary transactions, the establishment of right-of-use assets and lease liabilities that arise from leasing arrangements, the timing of commencement of capitalization for plant and equipment, impairment of indefinite-lived intangible assets, impairment of long-lived assets, recoverability of deferred tax assets, amortization of deferred issuance costs and debt discount, and the recording of various accruals. These estimates are made after considering past and current events and assumptions about future events. Actual results could differ from those estimates.</span></div>
CY2024Q1 wulf Quoted Price Of Bitcoin
QuotedPriceOfBitcoin
38000 usd
CY2024Q1 wulf Hosting Revenue
HostingRevenue
800000 usd
CY2023Q1 wulf Hosting Revenue
HostingRevenue
2300000 usd
CY2024Q1 wulf Power Curtailment Credit
PowerCurtailmentCredit
1200000 usd
CY2023Q1 wulf Power Curtailment Credit
PowerCurtailmentCredit
100000 usd
CY2024Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
45800000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
54400000 usd
CY2024Q1 us-gaap Cash Uninsured Amount
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0 usd
CY2024Q1 wulf Change In Accounting Principle Accounting Standards Update
ChangeInAccountingPrincipleAccountingStandardsUpdate
37000 usd
CY2023Q1 wulf Change In Accounting Principle Accounting Standards Update
ChangeInAccountingPrincipleAccountingStandardsUpdate
0 usd
CY2024Q1 wulf Deposits On Plants And Equipment To Joint Venture
DepositsOnPlantsAndEquipmentToJointVenture
0 usd
CY2023Q1 wulf Deposits On Plants And Equipment To Joint Venture
DepositsOnPlantsAndEquipmentToJointVenture
35792000 usd
CY2024Q1 wulf Common Stock Issuance Costs In Accounts Payable
CommonStockIssuanceCostsInAccountsPayable
0 usd
CY2023Q1 wulf Common Stock Issuance Costs In Accounts Payable
CommonStockIssuanceCostsInAccountsPayable
250000 usd
CY2024Q1 wulf Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
4385000 usd
CY2023Q1 wulf Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
2621000 usd
CY2024Q1 wulf Purchases And Deposits On Plant And Equipment With Digital Currency
PurchasesAndDepositsOnPlantAndEquipmentWithDigitalCurrency
316000 usd
CY2023Q1 wulf Purchases And Deposits On Plant And Equipment With Digital Currency
PurchasesAndDepositsOnPlantAndEquipmentWithDigitalCurrency
0 usd
CY2024Q1 wulf Payments To Acquire Interests In Joint Venture Accrued Liabilities Other Amounts Due To Related Parties
PaymentsToAcquireInterestsInJointVentureAccruedLiabilitiesOtherAmountsDueToRelatedParties
0 usd
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PaymentsToAcquireInterestsInJointVentureAccruedLiabilitiesOtherAmountsDueToRelatedParties
721000 usd
CY2024Q1 us-gaap Debt Conversion Converted Instrument Amount1
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0 usd
CY2023Q1 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
4666000 usd
CY2024Q1 wulf Common Stock Value Issued For Share Based Liabilities Due To Related Parties
CommonStockValueIssuedForShareBasedLiabilitiesDueToRelatedParties
2500000 usd
CY2023Q1 wulf Common Stock Value Issued For Share Based Liabilities Due To Related Parties
CommonStockValueIssuedForShareBasedLiabilitiesDueToRelatedParties
0 usd
CY2024Q1 wulf Warrants Issued Towards Long Term Debt Discount
WarrantsIssuedTowardsLongTermDebtDiscount
0 usd
CY2023Q1 wulf Warrants Issued Towards Long Term Debt Discount
WarrantsIssuedTowardsLongTermDebtDiscount
16036000 usd
CY2024Q1 wulf Decrease To Investment In Joint Venture And Increase In Plant And Equipment For Distribution Or Transfer Of Nonmonetary Assets
DecreaseToInvestmentInJointVentureAndIncreaseInPlantAndEquipmentForDistributionOrTransferOfNonmonetaryAssets
0 usd
CY2023Q1 wulf Decrease To Investment In Joint Venture And Increase In Plant And Equipment For Distribution Or Transfer Of Nonmonetary Assets
DecreaseToInvestmentInJointVentureAndIncreaseInPlantAndEquipmentForDistributionOrTransferOfNonmonetaryAssets
4519000 usd
CY2024Q1 wulf Decrease To Investment In Joint Venture Due To Bitcoin Received As Distribution From Investee
DecreaseToInvestmentInJointVentureDueToBitcoinReceivedAsDistributionFromInvestee
12022000 usd
CY2023Q1 wulf Decrease To Investment In Joint Venture Due To Bitcoin Received As Distribution From Investee
DecreaseToInvestmentInJointVentureDueToBitcoinReceivedAsDistributionFromInvestee
0 usd
CY2024Q1 wulf Stock Reacquired And Exchanged For Warrants
StockReacquiredAndExchangedForWarrants
0 usd
CY2023Q1 wulf Stock Reacquired And Exchanged For Warrants
StockReacquiredAndExchangedForWarrants
12479000 usd
CY2024Q1 wulf Crypto Asset Realized And Unrealized Gain Loss Operating
CryptoAssetRealizedAndUnrealizedGainLossOperating
1300000 usd
CY2023Q1 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
600000 usd
CY2024Q1 wulf Number Of Suppliers
NumberOfSuppliers
2 bitcoinminer
CY2024Q1 wulf Number Of Mining Pool Operators
NumberOfMiningPoolOperators
1 miningpooloperator
CY2024Q1 wulf Deposits On Miners
DepositsOnMiners
16300000 usd
CY2023Q4 wulf Deposits On Miners
DepositsOnMiners
36500000 usd
CY2024Q1 wulf Percentage Of Changes In Debt Value And Net Presents Value Of Future Cash Flows For Debt Modification
PercentageOfChangesInDebtValueAndNetPresentsValueOfFutureCashFlowsForDebtModification
0.10
CY2024Q1 wulf Percentage Of Changes In Debt Value And Net Presents Value Of Future Cash Flows For Debt Modification
PercentageOfChangesInDebtValueAndNetPresentsValueOfFutureCashFlowsForDebtModification
0.10
CY2024Q1 wulf Percentage Of Changes In Debt Value And Net Presents Value Of Future Cash Flows For Debt Modification
PercentageOfChangesInDebtValueAndNetPresentsValueOfFutureCashFlowsForDebtModification
0.10
CY2024Q1 wulf Percentage Of Changes In Debt Value And Net Presents Value Of Future Cash Flows For Debt Modification
PercentageOfChangesInDebtValueAndNetPresentsValueOfFutureCashFlowsForDebtModification
0.10
CY2024Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1200000 shares
CY2024Q1 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
49120642 shares
CY2024Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.58
CY2024Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 operatingsegment
CY2024Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
100200000 usd
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2024Q1 wulf Crypto Asset Number Of Units
CryptoAssetNumberOfUnits
28 bitcoin
CY2023Q4 wulf Crypto Asset Number Of Units
CryptoAssetNumberOfUnits
43 bitcoin
CY2024Q1 wulf Crypto Asset Carrying Basis
CryptoAssetCarryingBasis
1982000 usd
CY2023Q4 wulf Crypto Asset Carrying Basis
CryptoAssetCarryingBasis
1801000 usd
CY2024Q1 wulf Crypto Asset Fair Value
CryptoAssetFairValue
2018000 usd
CY2023Q4 wulf Crypto Asset Fair Value
CryptoAssetFairValue
1838000 usd
CY2023Q4 wulf Crypto Asset Number Of Units
CryptoAssetNumberOfUnits
43 bitcoin
CY2024Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
287960000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
240268000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
50071000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
34984000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
237889000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
205284000 usd
CY2024Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
0 usd
CY2023Q1 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1000000 usd
CY2024Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
15100000 usd
CY2023Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
5400000 usd
CY2021Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P8Y
CY2021Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.126
CY2024Q1 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P10Y2M12D
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
122000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
163000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
163000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
163000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
163000 usd
CY2024Q1 wulf Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
882000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1656000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1656000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
721000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
935000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
49000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
886000 usd
CY2024Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
CY2024Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2023Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2024Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
6664000 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
15970000 usd
CY2024Q1 us-gaap Long Term Debt
LongTermDebt
99407000 usd
CY2023Q4 us-gaap Long Term Debt
LongTermDebt
123521000 usd
CY2024Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
99360000 usd
CY2023Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
123465000 usd
CY2024Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
47000 usd
CY2023Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
56000 usd
CY2022Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
2667678 shares
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
106015000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
36000 usd
CY2024Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
20000 usd
CY2024Q1 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
106071000 usd
CY2022Q1 wulf Preferred Stock Convertible Threshold Trading Days
PreferredStockConvertibleThresholdTradingDays
5 operatingsegment
CY2022Q1 wulf Preferred Stock Convertible Threshold Consecutive Trading Days
PreferredStockConvertibleThresholdConsecutiveTradingDays
15 operatingsegment
CY2022Q1 wulf Preferred Stock Liquidation Amount Denomination For Conversion Into Common Stock
PreferredStockLiquidationAmountDenominationForConversionIntoCommonStock
1000 usd
CY2023Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0
CY2024Q1 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0
CY2024Q1 us-gaap Cumulative Dividends
CumulativeDividends
2100000 usd
CY2024Q1 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
11700000 usd
CY2024Q1 us-gaap Convertible Preferred Stock Shares Issued Upon Conversion
ConvertiblePreferredStockSharesIssuedUponConversion
1200000 shares
CY2023Q1 wulf Number Of Proposals Approved In Special Meeting Of Stockholders
NumberOfProposalsApprovedInSpecialMeetingOfStockholders
2 item
CY2023Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2023Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000 shares
CY2023Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q1 wulf Shares Authorized
SharesAuthorized
500000000 shares
CY2024Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2024Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q1 wulf Common Stock Number Of Votes
CommonStockNumberOfVotes
1 vote
CY2022Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
7481747 shares
CY2022Q4 wulf Number Of Shares In Each Unit
NumberOfSharesInEachUnit
1 shares
CY2022Q4 wulf Number Of Warrants In Each Unit
NumberOfWarrantsInEachUnit
1 shares
CY2022Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.93
CY2022Q4 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9400000 usd
CY2022Q4 wulf Threshold Trading Days For Weighted Average Price Calculation
ThresholdTradingDaysForWeightedAveragePriceCalculation
P10D
CY2022Q4 wulf Weighted Average Price Of Last10 Days
WeightedAveragePriceOfLast10Days
1.26
CY2022Q4 wulf Number Of Warrants In Each Unit
NumberOfWarrantsInEachUnit
1 shares
CY2022Q4 wulf Shares Issue Aggregate Purchase Price Investments Held By Entities Controlled By Company Management
SharesIssueAggregatePurchasePriceInvestmentsHeldByEntitiesControlledByCompanyManagement
3500000 usd
CY2022Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
5100000 usd
CY2022Q4 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
4300000 usd
CY2023Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
40764706 shares
CY2023Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
26600000 usd
CY2023Q1 wulf Stock Issued During Period Number Warrants Exercised
StockIssuedDuringPeriodNumberWarrantsExercised
342326 shares
CY2023Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
3000 usd
CY2024Q1 wulf Stock Issued During Period Number Warrants Exercised
StockIssuedDuringPeriodNumberWarrantsExercised
0 shares
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2024Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2024Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6900000 usd
CY2023Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000 usd
CY2024Q1 wulf Number Of Consecutive Trading Days
NumberOfConsecutiveTradingDays
P45D
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000 shares

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