TERAWULF INC. (WULF)
CIK 1083301 · all EDGAR filings →
Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.
Shares outstanding over time
Latest: 501.5M shares as of Nov 2, 2026 (10-Q).⊙
Cash runway
Self-funding
generates cash
Full breakdown: cash runway tool · source filing →
Warrants
| Tranche | Warrants | Exercise price | Term | Notes |
|---|---|---|---|---|
| Google Warrants October2025 | 3.20B | not tagged | — | — |
| Google Warrants | 73.6M | $0.01 | — | FV $515.5M |
| Google Warrants August132030 | 41.0M | not tagged | — | — |
| Google Warrants August172030 | 32.6M | not tagged | — | — |
| Penny Warrants | 27.8M | $0.01 | — | — |
| Dollar Warrants | 13.9M | $1 | — | — |
| October Warrants | 2.8M | not tagged | — | — |
Tranches exactly as the company dimensioned them in its 10-Q filed Nov 6, 2026 →. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.
Warrants outstanding: 77.7M underlying shares, as reported Sep 30, 2026 (10-Q).
Reported exercise price: $0.1 (aggregate figure as tagged; individual tranches vary).
Rough fully diluted estimate: 579.2M = 501.5M O/S + 77.7M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.
Convertible notes
| Note | Principal | Carrying | Conv. price | Rate | If converted |
|---|---|---|---|---|---|
| Convertible Senior Notes Due 2032 | $1.02B | $1.00B | $19.94 | 0% | ~51.4M sh |
| Convertible Senior Notes Due 2031 | $1.00B | $625.3M | $12.43 | 1% | ~80.5M sh |
| Convertible Senior Notes Due 2030 | $500.0M | $491.5M | $8.48 | 2.75% | ~59.0M sh |
| Convertible Senior Notes Due 2031 Over Allotment Option | $150.0M | — | not tagged | — | — |
| Convertible Senior Notes Due 2032 Over Allotment Option | $125.0M | — | not tagged | — | — |
| Convertible Senior Notes Due 2030 Over Allotment Option | $75.0M | — | not tagged | — | — |
If every note above converted at its tagged price: ~190.8M new shares on 501.5M currently outstanding. An estimate from principal ÷ conversion price, with inputs carrying different as-of dates; make-whole adjustments, capped calls and partial repurchases are not modeled.
Notes exactly as the company dimensioned them in its 10-Q filed Nov 6, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.
Fully diluted build-up
Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.
| Shares outstanding | 501.5M | Nov 2, 2026 |
| + Google Warrants October2025 (if exercised) | 3.20B | Oct 31, 2025 |
| + Google Warrants (if exercised) | 73.6M | Aug 31, 2025 |
| + Google Warrants August132030 (if exercised) | 41.0M | Aug 31, 2025 |
| + Google Warrants August172030 (if exercised) | 32.6M | Aug 31, 2025 |
| + Penny Warrants (if exercised) | 27.8M | Mar 31, 2023 |
| + Dollar Warrants (if exercised) | 13.9M | Mar 31, 2023 |
| + October Warrants (if exercised) | 2.8M | Sep 30, 2026 |
| + Convertible Senior Notes Due 2032 (if fully converted) | 51.4M | Oct 31, 2025 |
| + Convertible Senior Notes Due 2031 (if fully converted) | 80.5M | Aug 31, 2025 |
| + Convertible Senior Notes Due 2030 (if fully converted) | 59.0M | Oct 31, 2024 |
| Fully diluted estimate | 4.08B | +714.3% vs O/S |
Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.
Registrations and offerings
Last 12 months: 3 executed · 1 registered.
Full history and shelf status: offering checker · S-3 shelf checker
Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.
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