# TERAWULF INC. (WULF) FY2026 Q2 Statement of Cash Flows

- Company: TERAWULF INC. (WULF)
- Period: 2026-04-01 to 2026-06-30
- Filing: Q2 FY2026 10-Q, filed 2026-08-05, accession number 0001083301-26-000166
- Page: https://plicit.ai/financials/wulf/fy2026-q2-cash-flow
- Chart image: https://plicit.ai/charts/wulf-fy2026-q2-cash-flow-sankey.png

## Chart details

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Mar 31, 2026**: 3,092,743,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: negative 136,709,000 US dollars. Net cash used.
- **Stock-based compensation expense**: 83,939,000 US dollars
- **Deferred income tax provision**: 28,000 US dollars
- **Amortization of debt issuance costs, commitment fees and accretion of debt discount**: 9,776,000 US dollars
- **Depreciation**: 21,241,000 US dollars
- **Accretion of asset retirement obligations**: 267,000 US dollars
- **Amortization of right-of-use asset**: 1,874,000 US dollars
- **Increase in accounts payable**: 1,269,000 US dollars
- **Decrease in operating lease liability**: negative 504,000 US dollars
- **(Decrease) increase in deferred rent liability**: negative 20,092,000 US dollars
- **Increase (decrease) in other amounts due to related parties**: 205,000 US dollars
- **Decrease in other liabilities**: negative 1,587,000 US dollars
- **(Decrease) increase in accrued interest and other current liabilities**: negative 64,942,000 US dollars
- **Impairment of property, plant, and equipment**: 0 US dollars
- **Change in fair value of warrants**: 755,667,000 US dollars
- **Net loss**: negative 940,827,000 US dollars
- **Equity in net loss of investee, net of tax**: 11,063,000 US dollars
- **Revenue recognized from digital assets mined and hosting services**: negative 12,835,000 US dollars
- **Increase in accounts receivable**: negative 7,620,000 US dollars
- **Loss (gain) on fair value of digital assets, net**: 799,000 US dollars
- **Increase in prepaid expenses**: 2,259,000 US dollars
- **Increase in other current assets**: 1,718,000 US dollars
- **Decrease (increase) in other assets**: negative 459,000 US dollars
- **Decrease in deferred charges**: 175,000 US dollars
- **Related party expense settled with respect to common stock**: 0 US dollars
- **Change in fair value of contingent consideration**: 0 US dollars
- **Loss on disposals of property, plant, and equipment**: 399,000 US dollars
- **Change in asset retirement obligations estimate**: 15,000 US dollars
- **Stock-based charitable contribution**: 14,390,000 US dollars
- **Other income**: negative 43,000 US dollars
- **Loss on extinguishment of debt**: 7,116,000 US dollars
- **Investing activities**: negative 892,893,000 US dollars. Net cash used. The remaining amount is calculated by subtracting the other displayed items from the investing total. This quarter is the year to date less the prior quarter's year to date. The prior quarter reported part of this section under different lines (Cash paid for asset acquisition), so Acquisition of a business, net of cash acquired, Purchase of securities, Cash paid for asset acquisition and Proceeds from sales of property, plant and equipment cannot be separated for this quarter. It may combine inflows and outflows.
- **Purchase of and deposits on plant and equipment**: negative 855,560,000 US dollars
- **Proceeds from sale of digital assets**: 13,162,000 US dollars
- **Remaining investing cash flows, net (calculated)**: negative 50,495,000 US dollars
- **Financing activities**: 965,467,000 US dollars. Net cash provided.
- **Proceeds from issuance of short-term debt, net of issuance costs paid of $7,250 and $0**: 0 US dollars
- **Repayment of short-term debt**: negative 100,075,000 US dollars
- **Payment of debt issuance costs for revolving credit facility**: negative 2,145,000 US dollars
- **Proceeds from issuance of common stock, net of issuance costs paid of $35,864 and $0**: 1,190,864,000 US dollars
- **Proceeds from exercise of warrants**: 3,055,000 US dollars
- **Purchase of treasury stock**: 0 US dollars
- **Payments of tax withholding related to net share settlements of stock-based compensation awards**: negative 126,232,000 US dollars
- **Operating adjustment reconciliation**: 1,048,909,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- **financing gross reconciliation**: 1,193,919,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- **investing displayed reconciliation**: 906,055,000 US dollars. Intermediate calculation joining the displayed items and the calculated net remainder. It does not establish gross cash receipts or payments and is not an additional cash flow.
- **Exchange-rate effect**: 0 US dollars
- **Ending cash on Jun 30, 2026**: 3,028,608,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 4,058,210,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: negative 64,135,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: Not meaningful. Operating cash flow divided by reconciliation net income for the same period. The ratio is not meaningful when net income is zero or negative.
- **Operating cash flow**: negative 136,709,000 US dollars. Operating cash flow used in the free cash flow calculation.
- **Cash purchases of property, plant and equipment**: 855,560,000 US dollars. These cash purchases are already included in investing activities above.
- **Free cash flow**: negative 992,269,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

### Chart connections

- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net loss −$940.83M + net operating adjustments $804.12M = operating cash −$136.71M. The loss reduces the earnings basis of the reconciliation; it is not a cash payment. The signed loss remains a deduction at the operating reconciliation junction.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: negative 136,709,000 US dollars minus 855,560,000 US dollars equals negative 992,269,000 US dollars.