$WULF
TERAWULF INC.

2021 Q1 Form 10-K Financial Statement

#000110465922041168 Filed on March 31, 2022

View on sec.gov

Income Statement

Concept 2021 Q1
Revenue $3.073M
YoY Change -12.12%
Cost Of Revenue $2.077M
YoY Change -11.39%
Gross Profit $996.3K
YoY Change -13.61%
Gross Profit Margin 32.42%
Selling, General & Admin $246.0K
YoY Change -86.19%
% of Gross Profit 24.69%
Research & Development $134.9K
YoY Change -26.51%
% of Gross Profit 13.54%
Depreciation & Amortization $160.6K
YoY Change -4.21%
% of Gross Profit 16.12%
Operating Expenses $1.676M
YoY Change -14.69%
Operating Profit -$1.676M
YoY Change 106.56%
Interest Expense $19.84K
YoY Change -7.64%
% of Operating Profit
Other Income/Expense, Net $40.00
YoY Change -99.6%
Pretax Income -$1.676M
YoY Change 102.92%
Income Tax -$20.35K
% Of Pretax Income
Net Earnings -$1.676M
YoY Change 185.52%
Net Earnings / Revenue -54.53%
Basic Earnings Per Share -$0.03
Diluted Earnings Per Share -$0.03
COMMON SHARES
Basic Shares Outstanding 58.82M
Diluted Shares Outstanding 58.82M

Balance Sheet

Concept 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.428M
YoY Change 70.32%
Cash & Equivalents $6.300M
Short-Term Investments
Other Short-Term Assets $210.9K
YoY Change -29.7%
Inventory $1.962M
Prepaid Expenses $5.000K
Receivables $1.546M
Other Receivables $17.75K
Total Short-Term Assets $6.305M
YoY Change -16.03%
LONG-TERM ASSETS
Property, Plant & Equipment $7.228M
YoY Change -8.13%
Goodwill
YoY Change
Intangibles $243.8K
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $23.70M
YoY Change 191.32%
TOTAL ASSETS
Total Short-Term Assets $6.305M
Total Long-Term Assets $23.70M
Total Assets $30.01M
YoY Change 91.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $38.00K
YoY Change -95.25%
Accrued Expenses $547.7K
YoY Change 36.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $2.654M
YoY Change 1871.9%
Total Short-Term Liabilities $1.739M
YoY Change 32.09%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.739M
Total Long-Term Liabilities $0.00
Total Liabilities $1.739M
YoY Change -56.2%
SHAREHOLDERS EQUITY
Retained Earnings -$1.676M
YoY Change -119.15%
Common Stock $2.838M
YoY Change -2.93%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $0.00
YoY Change
Total Liabilities & Shareholders Equity $30.01M
YoY Change 91.8%

Cashflow Statement

Concept 2021 Q1
OPERATING ACTIVITIES
Net Income -$1.676M
YoY Change 185.52%
Depreciation, Depletion And Amortization $160.6K
YoY Change -4.21%
Cash From Operating Activities $771.4K
YoY Change -280.53%
INVESTING ACTIVITIES
Capital Expenditures $23.70M
YoY Change 17439.32%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change -100.0%
Cash From Investing Activities -$23.70M
YoY Change -2245.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $30.00M
YoY Change
Debt Paid & Issued, Net $36.83K
YoY Change 3.21%
Cash From Financing Activities 30.00M
YoY Change -84176.0%
NET CHANGE
Cash From Operating Activities 771.4K
Cash From Investing Activities -23.70M
Cash From Financing Activities 30.00M
Net Change In Cash 6.300M
YoY Change 881.63%
FREE CASH FLOW
Cash From Operating Activities $771.4K
Capital Expenditures $23.70M
Free Cash Flow -$22.93M
YoY Change 3976.92%

Facts In Submission

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us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Use of Estimates in the Financial Statements</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">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 assets acquired and liabilities assumed in business combinations, the establishment of useful lives for property, plant and equipment and intangible assets, the impairment of goodwill, the fair value of equity securities issued as a component of a debt offering, 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, recoverability of deferred tax assets 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.</p>
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1076000
wulf Contribution Of Deposits On Plant And Equipment To Joint Venture
ContributionOfDepositsOnPlantAndEquipmentToJointVenture
11850000
CY2021Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
58000
us-gaap Stock Issued1
StockIssued1
40590000
wulf Business Combination Contingent Value Rights Issued
BusinessCombinationContingentValueRightsIssued
12000000
wulf Payments Of Debt Issuance Costs Common Stock
PaymentsOfDebtIssuanceCostsCommonStock
25727000
wulf Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
6074000
wulf Payments To Acquire Interest In Joint Venture Accrued Liabilities
PaymentsToAcquireInterestInJointVentureAccruedLiabilities
57000
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
49315000
wulf Noncash Reverse Merger Ratio Share Adjustment
NoncashReverseMergerRatioShareAdjustment
43000
CY2021Q4 us-gaap Cash Fdic Insured Amount
CashFDICInsuredAmount
250000000
CY2021Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
42700000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43400000
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6300000
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
43448000
CY2021Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
6300000
CY2021Q4 us-gaap Restricted Cash Equivalents
RestrictedCashEquivalents
3007000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46455000
CY2021Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6300000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
wulf Deposits On Miners
DepositsOnMiners
70600000
CY2021Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021Q1 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0
CY2021 us-gaap Dilutive Securities
DilutiveSecurities
0
wulf Recognized Tax Benefits Percentage
RecognizedTaxBenefitsPercentage
0.50
CY2021Q1 us-gaap Dilutive Securities
DilutiveSecurities
0
CY2021Q2 wulf Percentage Of Discount Rate
PercentageOfDiscountRate
0.115
CY2021Q2 wulf Percentage Of Long Term Growth Rate
PercentageOfLongTermGrowthRate
0.025
CY2021Q4 wulf Disposal Group Including Discontinued Operation Finite Lived Intangible Assets Current
DisposalGroupIncludingDiscontinuedOperationFiniteLivedIntangibleAssetsCurrent
3304000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
48474000
wulf Weighted Average Attrition Rate Percent
WeightedAverageAttritionRatePercent
0.08
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
91446000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
91446000
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
94000
CY2021Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
0
CY2021Q1 us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
0
us-gaap Cost Of Goods And Services Sold Depreciation
CostOfGoodsAndServicesSoldDepreciation
0
CY2021Q2 us-gaap Lessee Operating Lease Term Of Contract
LesseeOperatingLeaseTermOfContract
P5Y
CY2021Q2 us-gaap Lessee Operating Lease Renewal Term
LesseeOperatingLeaseRenewalTerm
P5Y
CY2021Q2 wulf Lesseeoperatingleasenumberofdaysfromcommencementdatewhenpaymentsstart
Lesseeoperatingleasenumberofdaysfromcommencementdatewhenpaymentsstart
P180D
CY2021Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.06
us-gaap Operating Lease Expense
OperatingLeaseExpense
107000
us-gaap Operating Lease Payments
OperatingLeasePayments
0
CY2021Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P9Y3M18D
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
150000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
150000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
150000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
150000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
150000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
662000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1412000
wulf Lesseeoperatingleaseliabilityundiscountedcashflows Tabletext Block
LesseeoperatingleaseliabilityundiscountedcashflowsTabletextBlock
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">A reconciliation of the undiscounted cash flows to the operating lease liabilities recognized in the consolidated balance sheet as of December 31, 2021 follows (in thousands):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="margin-bottom:12pt;visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:69.33%;"><tr style="height:1pt;"><td style="vertical-align:bottom;width:84.98%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:2.69%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:1.69%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td><td style="vertical-align:bottom;white-space:nowrap;width:10.61%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="font-size:1pt;visibility:hidden;">​</span></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:84.98%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Undiscounted cash flows of the operating lease</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.69%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">    </p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.69%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.61%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 1,412</p></td></tr><tr><td style="vertical-align:bottom;width:84.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Unamortized discount</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.69%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 332</p></td></tr><tr><td style="vertical-align:bottom;width:84.98%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Total operating lease liability</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.69%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.69%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.61%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 1,080</p></td></tr><tr><td style="vertical-align:bottom;width:84.98%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Current portion of operating lease liability</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.69%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.69%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"> </p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.61%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 88</p></td></tr><tr><td style="vertical-align:bottom;width:84.98%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">Operating lease liability, net of current portion</p></td><td style="vertical-align:bottom;white-space:nowrap;width:2.69%;background:#cceeff;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;"><span style="visibility:hidden;">​</span></p></td><td style="vertical-align:bottom;white-space:nowrap;width:1.69%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 0.05pt 0pt;">$</p></td><td style="vertical-align:bottom;white-space:nowrap;width:10.61%;background:#cceeff;border-bottom:3px double #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:right;margin:0pt 3pt 0.05pt 0pt;"> 992</p></td></tr></table>
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1412000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
332000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1080000
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
88000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
992000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
2630000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccruals
470000
CY2021Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
278000
CY2021Q4 wulf Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Lease Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsLeaseLiabilities
227000
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
10283000
CY2021Q1 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
352000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8295000
us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-45516000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-1676000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-45516000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1676000
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-615000
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-615000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-615000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.000
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.000
wulf Effective Income Tax Rate Reconciliation Nondeductible Expense Equity Financing Costs Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseEquityFinancingCostsPercent
-0.028
CY2021Q1 wulf Effective Income Tax Rate Reconciliation Nondeductible Expense Equity Financing Costs Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseEquityFinancingCostsPercent
0.000
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.168
CY2021Q1 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.210
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.014
CY2021Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
6678000
CY2021Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
352000
CY2021Q1 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
352000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1988000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
899000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssets
723000
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense Capitalized Inventory Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedInventoryCosts
407000
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
215000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
256000
CY2021Q4 wulf Deferred Tax Asset To Offset Purchase Accounting Deferred Tax Liability
DeferredTaxAssetToOffsetPurchaseAccountingDeferredTaxLiability
600000
CY2021Q4 wulf Increase In Deferred Tax Assets Valuation Allowance
IncreaseInDeferredTaxAssetsValuationAllowance
7900000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
31500000
CY2021Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
1600000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsSubjectToExpiration
100000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Not Subject To Expiration
DeferredTaxAssetsOperatingLossCarryforwardsNotSubjectToExpiration
31400000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
700000
CY2021Q1 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
0.0
CY2021Q4 wulf Deferred Tax Assets Federal Tax Credit Carryforwards Research
DeferredTaxAssetsFederalTaxCreditCarryforwardsResearch
100000
CY2021Q1 wulf Deferred Tax Assets Federal Tax Credit Carryforwards Research
DeferredTaxAssetsFederalTaxCreditCarryforwardsResearch
0.0
CY2021Q4 wulf Deferred Tax Assets State Tax Credit Carryforwards Research
DeferredTaxAssetsStateTaxCreditCarryforwardsResearch
100000
CY2021Q1 wulf Deferred Tax Assets State Tax Credit Carryforwards Research
DeferredTaxAssetsStateTaxCreditCarryforwardsResearch
0.0
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
123500000
CY2021Q4 wulf Debt Issuance Costs And Discount Net
DebtIssuanceCostsAndDiscountNet
28873000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
94627000
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
94627000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
46313000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
77187000
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
123500000
CY2021Q2 wulf Purchase Agreement Number
PurchaseAgreementNumber
30000
wulf Purchase Agreement Amount Funded For Joint Venture Net
PurchaseAgreementAmountFundedForJointVentureNet
47700000
wulf Joint Venture Payment Of Share In Purchase Agreement To Supplier
JointVenturePaymentOfShareInPurchaseAgreementToSupplier
93911000
wulf Payments For Deposits On Plant And Equipment Made On Behalf Of Joint Venture Partner
PaymentsForDepositsOnPlantAndEquipmentMadeOnBehalfOfJointVenturePartner
56057000
wulf Reimbursement Of Payments For Deposits On Plant And Equipment Made On Behalf Of Joint Venture Partner
ReimbursementOfPaymentsForDepositsOnPlantAndEquipmentMadeOnBehalfOfJointVenturePartner
56057000
wulf Reimbursement From Joint Venture Partner For Deposits On Plant And Equipment Contributed To Joint Venture
ReimbursementFromJointVenturePartnerForDepositsOnPlantAndEquipmentContributedToJointVenture
11850000
wulf Payment Of Share In Deposits For Plant D And Equipment In Joint Venture
PaymentOfShareInDepositsForPlantDAndEquipmentInJointVenture
11850000
us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
0.50
CY2021Q4 wulf Variable Interest Entity Reporting Entity Involvement Initial Investment Amount
VariableInterestEntityReportingEntityInvolvementInitialInvestmentAmount
18000000
CY2021Q4 wulf Variable Interest Entity Reporting Entity Involvement Additional Investment Amount
VariableInterestEntityReportingEntityInvolvementAdditionalInvestmentAmount
87818000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-1538000
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
104280000
CY2021Q4 wulf Variable Interest Entity Reporting Entity Involvement Commitment To Future Additional Contribution Amount
VariableInterestEntityReportingEntityInvolvementCommitmentToFutureAdditionalContributionAmount
50239000
CY2021Q4 us-gaap Variable Interest Entity Entity Maximum Loss Exposure Amount
VariableInterestEntityEntityMaximumLossExposureAmount
154519000
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
55000
CY2021Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
0
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2021Q4 wulf Shares Authorized
SharesAuthorized
225000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
200000000
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
25000000
CY2021Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2021Q4 wulf Common Stock Number Of Votes
CommonStockNumberOfVotes
1
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2021Q4 wulf Related Party Payment In Balance Sheet
RelatedPartyPaymentInBalanceSheet
12500000
CY2021Q4 wulf Cryptocurrency Load Deployment Threshold For Share Based Compensation
CryptocurrencyLoadDeploymentThresholdForShareBasedCompensation
100
CY2021Q4 wulf Cryptocurrency Load Deployment Threshold For Share Based Compensation
CryptocurrencyLoadDeploymentThresholdForShareBasedCompensation
100

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