Material weakness in internal control over financial reporting
Company: TeraWulf
The claim, verbatim
Management identified a material weakness in internal control over financial reporting resulting from control deficiencies that led to material misstatements in interim financial statements for periods within fiscal year ending December 31, 2022, specifically related to incorrect calculation of noncash activity impact on plant and equipment purchases and deposits in cash flow statements
Source (primary)
TeraWulf 10-K filed 2023-03-31 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “management identified a material weakness in our internal control over financial reporting... The related control deficiencies resulted in material misstatements in our previously issued interim financial statements for interim periods within the fiscal year ending December 31, 2022... incorrectly calculating the impact of noncash activity on purchase and deposits on plant and equipment”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms TeraWulf 10-K filed 2023-03-31
Quote: “management identified a material weakness in our internal control over financial reporting... The related control deficiencies resulted in material misstatements in our previously issued interim financial statements for interim periods within the fiscal year ending December 31, 2022... incorrectly calculating the impact of noncash activity on purchase and deposits on plant and equipment”