and a B.A. Naval Academyreached the No. Mr. Khan previously served as Executive Vice President of Beowulf Energy LLC for nearly 20 years, where he led the firms acquisition and development efforts. Quando utilizzi i nostri siti e le nostre app, noi utilizziamo i. autenticare gli utenti, applicare misure di sicurezza e prevenire spam e abusi; misurare l'utilizzo dei nostri siti e delle nostre app. Green bitcoin miner TeraWulf going public via reverse merger. Paul Prager is the Chairman of the Board of Directors. TeraWulf Announces Proposed Public Offering of Common Stock . She later served as a Deputy Attorney General for theDistrict of Columbiagovernment, representing the city's child welfare and mental health agencies. She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. d18rn0p25nwr6d.cloudfront.net Nazar Khan is the Co-Founder, Chief Operating Officer, Chief Technology Officer, and Board Member of TeraWulf Inc. Mr. Khan brings tremendous experience in energy infrastructure and cryptocurrency mining and has led TeraWulfs business strategy since day one. Se vuoi personalizzare le tue scelte, clicca su "Gestisci le impostazioni per la privacy". I also want to address the confusion out there regarding the perceived sale of stock. I believe that is more than any leadership team in the sector and underscores our confidence in WULFs mission and what we are building. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. and M.S. Entry into a Material Definitive Agreement. At TeraWulf, we promise to treat your data with respect and will not share your information with any third party. You must click the activation link in order to complete your subscription. EASTON, Md., January 09, 2023--(BUSINESS WIRE)--Today TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, provided an unaudited monthly production and operations update for December 2022. One member, TeraWulf, has pledged to run cryptocurrency mines using more than 90 percent zero-carbon energy. afficher des publicits et des contenus personnaliss en fonction de vos profils de centres dintrt; mesurer lefficacit des publicits et contenus personnaliss; et. TeraWulf Announces December 2022 Production and Operations Updates You could say it all started with a bundt cake. Mr. Khan received a B.S. Mr. Deane brings more than 20 years of financial and operational experience in the power, high tech and public accounting sectors. Ms. Langlais received her BA in Finance and graduated with honors from Boston College. Mr. Khan received a B.S. Paul Prager is the Co-Founder and Chief Executive Officer of TeraWulf Inc, and the Chairman of the Board of Directors. Successfully navigated extreme operating conditions during Winter Storm Elliot (the "Storm"), quickly returning to full output at the Storms close. News - Paul Prager Ms. Prager brings broad legal, compliance, and regulatory expertise to the TeraWulf board of directors. Mr. Carter's extensive leadership background brings a strong commitment to corporate ethics, values and business practices to the board of directors. "We believe the continued ramp of our proprietary mining capacity coupled with our industry-leading power costs distinguishes TeraWulf as one of the lowest cost Bitcoin miners in the sector," continued Prager. Co-Founder, Chairman & Chief Executive Officer, Co-Founder, Chief Operating Officer & Chief Technology Officer. You can sign up for additional alert options at any time. Steven Pincusserves as an Executive Vice President with global insurance companyWillis Towers Watsonand is the Global Head of Broking for the firm's FINEX business. TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO Such forward-looking statements include statements concerning anticipated future events and expectations that are not historical facts. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our goal of being the preeminent miner producing bitcoin from zero-carbon energy resources at the lowest marginal cost in the sector. He earned a B.A. All Rights Reserved. And if you dont want to invest in a bitcoin mining company, call us. TeraWulf Issues an Open Letter from Chairman and CEO Paul B. Prager is the largest individual Terawulf shareholder, owning 25.05M shares representing 19.52% of the company. TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO Together, for more . TeraWulf Announces Closing of Previously Announced $50 Million Add-On The . Paul Prager (TeraWulf) Building a Zero Carbon Bitcoin Miner The total cost of. Paul B. Prager Chairman and Chief Executive Officer TeraWulf Inc. About TeraWulf TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining. Event Details Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager April 8, 2022 12:45 PM ET Tune into Bitcoin Miami's LIVE Mining Stage stream featuring TeraWulf's CEO, Paul Prager. In the matter of just a few weeks, we raised what we plan to be the final funding needed to bridge the Company to self-sustaining operations, only a few months away. What is Paul B. Meltem Demirors, Chief Strategy Officer . Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Most recently, he served as North American Head of Onshore Sales and Marketing at Siemens Gamesa Renewable Energy Inc., leading the U.S. and Canadas onshore wind turbine product development and market strategy. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Governance - Board of Directors - Person Details - Terawulf Her distinguished career in both nonprofit and government will help TeraWulf execute on its strategy of sustainable growth and community impact. All Rights Reserved. Ms. Prager received a B.A. Paul Prager, Chairman & Chief Executive Officer of TeraWulf, said, "TeraWulf represents an exciting new paradigm for cryptocurrency mining, which is built on a significant strategic. TeraWulf (Nasdaq: WULF) owns and operates vertically integrated, environmentally clean Bitcoin mining facilities in the United States. Id like to take a moment to highlight a few key milestones that we achieved during our first year as a public company: What differentiates TeraWulf is that we own and operate our facilities, control our power supply and utilize 91%+ zero-carbon energy sources. TeraWulf (@TeraWulfInc) / Twitter She has also served as General Counsel at Beowulf Energy LLC for nearly 15 years. Insider Trading. As an Assistant U.S. Attorney, Ms. Prager handled federal cases involving terrorism, wire and mail fraud, economic espionage, and export control violations, among other matters. Paul Prager is the Chief Executive Officer and the chair of the board of directors of TeraWulf. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Stefanie Fleischmann is Chief Legal Officer and Corporate Secretary of TeraWulf Inc., where she oversees all legal and compliance matters for the company. The Company operates approximately 18,000 Bitcoin miners with a hash rate capacity over 2.0 EH/s at its Lake Mariner facility. Our priority continues to be reducing costs and deploying those resources towards the Companys path to positive cash flow from operations in 2023. Before Beowulf, Ms. Langlais spent nearly a decade in the Investment Banking Division at Goldman Sachs, where she was most recently in the Natural Resources advisory group in New York. San Juan, Puerto Rico 00901 . Today, the Companys wholly-owned Lake Mariner facility has approximately 60 MW of operational mining capacity, and TeraWulf expects to reach 110 MW of capacity at the facility in Q2 2023. | Privacy Policy, February 2023 Open Letter from TeraWulf Chairman and CEO Paul Prager, An Open Letter from TeraWulf Chairman and CEO Paul Prager. Attended United States Naval Academy. Mr. Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity trading and power generation. "TeraWulf made remarkable operational advancements in January as we continued to make significant progress towards expanding capacity at Lake Mariner with the addition of Building 2, and energization of the Nautilus Cryptomine facility, which will be the first behind the meter bitcoin mining facility utilizing low cost, zero-carbon nuclear power at scale in the U.S.," stated Paul Prager . Patrick Fleury is the Chief Financial Officer of TeraWulf Inc., where he is responsible for directing and overseeing the financial activities of the Company, including investment of funds and additional capital for expansion. We have said all along the amount of monies required to achieve free cash flow positive operations, and we have now reached that important milestone. Mr. Farrell began his energy career at Siemens Energy and held positions of increasing responsibility within their Power System Sales organization in both generation and electric delivery across diverse verticals for over a decade. Twitter View on Twitter. Before joining Heorot Power, Mr. Deane held positions of Chief Financial Officer, Vice President and Corporate Secretary at Isonics Corporation; Senior Finance Manager at Sun Microsystems, Inc.; and Audit Manager at Deloitte LLP. The full text of the letter is below and available on the Company's website at www.terawulf.com: An Open Letter to Shareholders from TeraWulf Chairman and CEO Paul Prager February 2023 Dear. Your trust and confidence in TeraWulf have helped us build a remarkable company. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Mr. Pincus brings substantial risk management, financial oversight and operational expertise to the board of directors. TeraWulf Inc. is a digital asset technology company, which is engaged in the business of sustainable bitcoin mining. Co-Founder, and Chief Executive Officer of TeraWulf Inc. Ms. Langlais also worked at Harvard University where she provided advisory to the Universitys overall financial strategy and planning. In addition, forward-looking statements are typically identified by words such as "plan," "believe," "goal," "target," "aim," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, although the absence of these words or expressions does not mean that a statement is not forward-looking. Ms. Motz brings to the board of directors extensive leadership and public policy experience. If you want to invest in a bitcoin mining company, come to TeraWulf. As COO and CTO, Mr. Khan oversees the development and implementation of TeraWulfs day-to-day operations, including hardware procurement, site evaluation, infrastructure buildout and identification of future growth opportunities. TeraWulf's Prager on Sustainable Bitcoin Mining - Bloomberg Paul Prager, TeraWulf's CEO, said in a statement: "Disposition of the Ikonics legacy business allows the TeraWulf management team to focus our energies on the continued build-out of our zero . TeraWulf and IKONICS Announce Merger Agreement, Paving Way For a U.S Why? August 11th, 2021, 2:00 PM PDT. Mr. Prager has also founded and has been the President of Beowulf Energy LLC and its. Mr. Fleury received a BA, magna cum laude, in Economics and Government & Legal Studies from Bowdoin College. He earned a BS in Finance, Economics & Accounting from Fordham University. You must click the activation link in order to complete your subscription. Kerri Langlais is the Chief Strategy Officer for TeraWulf Inc., where she is responsible for the development and implementation of the Companys overall corporate strategy, business development, strategic partnerships, and growth initiatives. from Duke University School of Law. Item 1.01. Se non vuoi che noi e i nostri partner utilizziamo i cookie e i dati personali per questi scopi aggiuntivi, clicca su "Rifiuta tutto". Mr. Prager has extensive investment and entrepreneurial experience in international shipping, commodity . 2022 Terawulf. | Privacy Policy. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. in accounting from the University of Florida. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Mr. Farrell began his energy career at Siemens Energy and held positions of increasing responsibility within their Power System Sales organization in both generation and electric delivery across diverse verticals for over a decade. You can sign up for additional alert options at any time. TeraWulf CEO Paul Prager - Zero Carbon Bitcoin (Video) - SeekingAlpha TeraWulf Issues an Open Letter to Shareholders from Chairman and CEO BTC TeraWulf 2 Kerri Langlais is the Chief Strategy Officer for TeraWulf Inc., where she is responsible for the development and implementation of the Companys overall corporate strategy, business development, strategic partnerships, and growth initiatives. Proprietary mining produced 125 Bitcoin in December 22, pushing Q4 22 total to 378 Bitcoin, reflecting a more than 220% increase over the Bitcoin produced in Q3 22, Total fleet of deployed miners reached 18,000 with over 2.0 EH/s of hash rate as of December 31, 2022, On track to bring additional 15,000 miners online at Nautilus Cryptomine in Q1 2023. TeraWulf's Nuclear Bitcoin Plant Is Just One Piece of the Green Mining This past year was a transformational year for TeraWulf and the crypto industry at large. Our operations team effectively maintained our mining operations and deployed additional miners at Lake Mariner during one of the harshest weather events to hit the region, while also supporting the grid during periods of extreme stress," stated Paul Prager, Co-founder and Chief Executive Officer of TeraWulf. TeraWulf Announces Beneficial Debt Modifications and Approximately $32 TeraWulf does not assume any obligation to publicly update any forward-looking statement after it was made, whether as a result of new information, future events or otherwise, except as required by law or regulation. View source version on businesswire.com: https://www.businesswire.com/news/home/20230106005442/en/, Sandy Harrisonharrison@terawulf.com (410) 770-9500, https://www.businesswire.com/news/home/20230106005442/en/, Pot vote has Oklahoma hungry to rake in green from Texas, How Ron DeSantis misreads Corporate America, Tesla recalls 3,470 Model Y vehicles over loose bolts, 3 big things in investing you might have missed this week, UPDATE 1-North Korea says US causing international arms control collapse. TeraWulf Issues an Open Letter from Chairman and CEO This is HUGE. Most recently, Mr. Fleury served as a founding member of the credit team at Platinum Equity, where he was responsible for public and private credit investments. Since the Storms departure, New York market prices have corrected to pre-December levels. Ms. Fleischmann holds a J.D. Bitcoin Miami - LIVE Panel with TeraWulf CEO Paul Prager - TeraWulf Inc. Previous to this role, Mr. Bucella led the Institutional Global Equities business, also in Canada. 2022 Terawulf. She began her career at Freshfields and Willkie Farr & Gallagher LLP in New York and Frankfurt, Germany. For the last 8 years, he served as Vice President of Investor Relations at Semtech Corporation, managing and growing the investor relations program. Authorized to Receive Notices and Communications) January 30, 2023 and M.S. TeraWulf Co-Founder, CEO & Chair of the Board Paul Prager joins Yahoo Finance Live to talk about zero carbon mining for bitcoin and other cryptocurrencies, outlook on . Paul Prager Chief Executive Officer; Director: 1388889: Award at $ 0. . and a B.A. And in that short period, our team has accomplished key milestones that we believe will be foundational in achieving our goal of being the preeminent miner producing bitcoin from zero-carbon energy resources at the lowest marginal cost in the sector. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Our industrial-scale mining facilities in New York and Pennsylvania will mine Bitcoin using cost-effective, zero-carbon energy. from the University of Pennsylvania. Ms. Langlais brings more than 20 years of M&A, financing, strategy and power sector experience. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. After submitting your request, you will receive an activation email to the requested email address. Self-mined 125 Bitcoin in December 2022 for a total of 378 Bitcoin produced in Q4 2022, a 223% increase as compared to 117 Bitcoin produced in Q3 2022. Cassie Motz is the Executive Director of the CollegeBound Foundation inBaltimore. Mr. Bucella brings to the board of directors extensive capital markets experience, institutional knowledge, and deep experience in the digital asset space. His career as an entrepreneur, executive, developer, and investor has spanned three decades and four continents, with success across a broad range of energy infrastructure projects. TeraWulf's Co-Founder and CEO, Paul Prager, commented, "The amendments to the Nautilus JV agreement enable TeraWulf to reduce our near-term capital obligations at the Nautilus Cryptomine . As part of our recent and likely final capital raise, my co-founder and COO, Nazar Khan, and I purchased an additional $2.5 million of equity at the market price. Paul Prager, Chief Executive Officer, and Nazar Khan, Chief Operating Officer, purchased $2.5 million in a private placement at a market price of $1.05 . 1 Source: Cambridge Bitcoin Electricity Consumption Index (CBECI) (ccaf.io). February 2023 Dear Shareholders, . By providing your email address below, you are providing consent to TeraWulf to send you the requested Investor Email Alert updates. The approximate remaining 6,500 miners (0.7 EH/s) are operated pursuant to hosting arrangements where the Company receives a fee and participates financially in mining profits. TeraWulf is led by an accomplished, diverse management team with 30+ years of experience in developing and managing energy infrastructure and disruptive technology. Reports are indicating that there were more than several insider trading activities at WULF starting from Prager Paul B., who purchase 317,259 shares at the price of $7.88 back on Apr 11. The Company is nearing final stages of construction at its two mining sites and expects to have a total operational capacity of 49,000 miners (5.5 EH/s) in early Q2 2023, representing about 160 MW of power demand. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. With over 40 years of experience, Mr. Pincus has extensive experience in the energy and high-tech sectors. Prior to TeraWulf, Mr. Prager has been the Founder and CEO at Beowulf Energy LLC and predecessor companies since 1990. Let me quickly highlight what undeniably sets WULF apart from our peers: Every move from this point forward is about advancingourmissionandpushingthe boundaries of what is possible for our business and our shareholders. Most recently, Ms. Langlais was an executive at Beowulf Energy LLC, a leading private energy infrastructure company, where she led the companys M&A and financing efforts. Most recently, Mr. Deane was an executive with Heorot Power Holdings LLC, an owner and operator of power generation assets. Mr. Fleury began his career in the Global Energy & Power Investment Banking Group at Banc of America Securities, LLC. Energy Intensive Bitcoin Mining: Can the Use of Renewables Answer Critics of Cryptocurrency. In energy markets, location is everything and our sites are in robust, developed markets that provide premier value for the grid services we provide. Your trust and confidence in TeraWulf have helped us build a remarkable company. Shares of TeraWulf (WULF), an environmentally minded bitcoin miner, plunged almost 30% in their first day of trading on Tuesday. "December represented another month of robust growth for TeraWulf. Mr. Farrell has over 12 years of energy experience in renewables, grid optimization, digitalization and storage cross-business solutions. . Mr. Carter is a Distinguished Flying Cross and Bronze Star recipient. Paul Prager, CEO and Founder of bitcoin mining company TeraWulf, on how they are generating environmentally sustainable bitcoin and crypto mining practices. Prior to NovaWulf, Mr. New was the Head of Onex Credit, a leading asset manager with more than $23 billion of assets under management. Nazar Khan is the Co-Founder, Chief Operating Officer, Chief Technology Officer, and Board Member of TeraWulf Inc. Mr. Khan brings tremendous experience in energy infrastructure and cryptocurrency mining and has led TeraWulfs business strategy since day one. Feb 1 2023. Stock Market | Pittsburgh Post-Gazette 2022 Terawulf. Watch TeraWulf's Prager on cryptocurrency market - Bloomberg Regions Greater New York Area, East Coast, Northeastern US. and a B.A. En el noreste de Pensilvania, un singular Bitcoin experimento minero est a punto de entrar en lnea.. Llamado Nautilus, Terawulf est girando un instalacin minera de propulsin nuclear.. Nombre anunci en 2021, Terawulf dijo que cuando Nautilus est a plena capacidad ms adelante en el primer trimestre de este ao, la flota de 1 15,000 equipos de minera de la instalacin tendr . TeraWulf Inc. (Nasdaq: WULF) ("TeraWulf" or the "Company"), which owns and operates vertically integrated, domestic Bitcoin mining facilities powered by more than 91% zero-carbon energy, today announced that today announced that the Company's Co-founder, Chairman and Chief Executive Officer, Paul Prager, has issued an open letter to shareholders. Paul Prager - CEO of TeraWulf Inc. - MD & NY TeraWulf: Zero-Carbon Bitcoin Mining TeraWulf Inc. Joins the Bitcoin Mining Council | Markets Insider Paul Prager is the Co-Founder, Chairman and CEO of TeraWulf Inc., a leading clean energy digital asset company. Prior to joining the bank, Ms. Prager was a partner in law firms where she focused on government investigations.